CHICAGO, March 1 (Reuters) - U.S. wheat futures settled lower on Monday under pressure from losses in the neighboring corn market and an increased estimate for wheat shipments from top-exporter Russia, analysts said.
* Russian agriculture consultancy Sovecon raised its forecast for Russia's 2020/21 wheat exports by 1.2 million tonnes to 39.1 million tonnes due to the fast pace of shipments in recent months.
* CBOT March soft red winter wheat ended down 10 cents at $6.50-1/4 per bushel.
* Technical selling added pressure to prices after CBOT wheat prices fell on Thursday and Friday, a broker said.
* K.C. March hard red winter wheat dropped 10-1/2 cents to $6.23-1/4 a bushel, and MGEX March spring wheat shed 5-1/4 cents to settle at $6.33-1/2 a bushel. (Reporting by Tom Polansek; Editing by Peter Cooney)
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CBOT wheat ends lower on Russian exports, weak corn prices - Successful Farming
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