CBOT wheat falls on better harvest prospects

May 16 (Reuters) - Chicago Board of Trade wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, though brisk export demand limited losses, traders said.

• Favorable U.S. wheat harvest prospects have outweighed bullishness from increased export demand and threats to China's wheat crop, traders said.

• A crop tour in Kansas, the top U.S. wheat-growing state, projected the highest yield in four years as the region's crop was boosted by timely rain.

• The wheat yield potential in Kansas was estimated at 53 bushels per acre on Thursday by crop scouts on the annual Wheat Quality Council tour, the highest since 2021.

• U.S. export sales of wheat for the week ended May 8 totaled 804,800 metric tons, beating analyst expectations, according to the U.S. Department of Agriculture.

• China issued a warning on Friday of a high risk of dry, hot winds next week that could damage winter wheat crops in major producing areas, including Henan.

• CBOT July soft red winter wheat WN25 fell 7-3/4 cents to $5.25 per bushel.

• K.C. July hard red winter wheat KWN25 fell 11-3/4 cents to finish at $5.16-1/2 per bushel.

• Minneapolis July spring wheat MWEN25 was steady at $5.80 per bushel.