CBOT wheat futures ease on ample supply

US wheat futures eased about 1 percent on Tuesday in spreading and technically driven trade amid abundant global supplies, traders said. The thinly traded front-month Chicago Board of Trade December wheat contract finished 4-1/4 cents lower at $4.06 per bushel, just above its lifetime low of $4.05-1/4 notched on November 28.
Most-active CBOT March wheat was down 2-1/2 cents at $4.32-3/4 cents. K.C. March hard red winter wheat ended down 2-1/2 cents at $4.31-1/2 a bushel and MGEX March spring wheat was off 2-3/4 cents to $6.26-1/4.
The CME Group reported 247 deliveries against CBOT December soft red winter wheat futures and 12 K.C. hard red winter wheat deliveries. The MGEX reported 14 December spring wheat deliveries.