CHICAGO, Sept 27: US wheat futures closed lower in thin trade on Friday, following declines in most other commodities, as talks in Washington over a planned bailout of the financial sector bogged down, traders said.

The stalled negotiations raised uncertainty about US economic prospects and kept buyers on the sidelines, awaiting direction.

At the Chicago Board of Trade, December soft red winter wheat fell 20-1/4 cents to settle at $7.16 per bushel, after hitting a one-week low at $7.14-3/4. March ended down 19-1/2 cents at $7.37.

Commodity fund were net sellers of 3,000 CBOT wheat contracts, traders said.

At the Kansas City Board of Trade, December hard red winter wheat settled down 19-1/2 cents at $7.45-3/4 a bushel, with March down 19-1/2 at $7.65-3/4.

At the Minneapolis Grain Exchange, December spring wheat settled 16 cents lower at $7.89-3/4 a bushel, with March down 16-1/4 at $8.01-1/4.---Reuters