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333520

CBOT wheat ends lower in pullback from two-month high

CHICAGO, Sept 12 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday as the market pulled back from a two-month high reached earlier in the session, analysts said. * A monthly U.S. Department of Agriculture report contained no major shocks for the market, analysts said. * The USDA pegged U.S. wheat ending stocks for 2022/23 at 610 million bushels, unchanged from last month and below analysts' estimates for 618 million. World wheat ending stocks increased to 268.57 million tonnes, compared to analysts' estimates for 268.10 million. * The USDA, in a separate weekly report due at 3 p.m. CDT (2000 GMT) on Monday, is expected to say the nation's winter wheat crop is 10% planted so far, analysts said. Analysts expect the department to report the spring wheat harvest is 83% complete. * The benchmark CBOT December soft red winter wheat contract ended down 10-3/4 cents at $8.58-3/4 a bushel. Earlier, the most-active contract rose to $8.78, its highest price since July 11. * K.C. December hard red winter wheat futures slipped 2-1/4 cents to $9.27 a bushel, and MGEX December spring wheat was down 1 cent at $9.26-1/2 a bushel. (Reporting by Tom Polansek, Editing by Rosalba O'Brien)

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