* The benchmark CBOT December soft red winter wheat contract bottomed out at $5.84-1/2 a bushel during Monday's session, the lowest level for the front-month contract since falling to $5.65-1/4 on July 1. * Kansas City Board of Trade hard red winter wheat futures fared better, with December falling just 1-3/4 cents due to tight supplies of high protein wheat. * CBOT volume was light at around 68,400 contracts traded, well below the 30-day and 250-day averages. * The US Agriculture Department on Monday morning said weekly export inspections of wheat were 11.6 million bushels, below estimates for 12 million to 16 million. * Egypt's GASC bought 240,000 tonnes of Russian, Ukrainian or Kazakh wheat for February shipment. * Israeli private buyers tendered to buy 50,000 tonnes of feed wheat of European origin.