CBOT wheat hits May low under pressure from ample global supply

CHICAGO, July 17 (Reuters) - Chicago Board of Trade wheat futures weakened on Thursday under pressure from plentiful global supplies, analysts said.

• The International Grains Council kept its 2025-26 world wheat crop outlook at 808 million tons, a modest increase on the prior season's 800 million.

• Harvesting wound down in top U.S. hard red winter wheat-growing states, grain merchants said.

• In Canada, farmers are likely to produce average-size wheat and canola crops this autumn, but years of drought have made rain critical for the plants to fulfill their potential, farmers and analysts said.

• Net U.S. wheat export sales totaled 494,400 metric tons in the week ended July 10, the U.S. Department of Agriculture said in a weekly report. The sales were in line with analysts' estimates for 300,000 to 700,000 tons. EXP/WHE

• CBOT September soft red winter wheat WU25 closed down 7-3/4 cents at $5.33-1/2 per bushel after setting its lowest price since May 14.

• K.C. September hard red winter wheat KWU25 ended down 5-1/4 cents at $5.17-1/2 a bushel.

• Minneapolis September spring wheat MWEU25 was last down 4-1/2 cents at $5.95 a bushel and set its lowest price since May 19.