CBOT wheat futures slide on technical selling, sluggish demand

CHICAGO, July 29 (Reuters) - Chicago Board of Trade wheat futures fell to two-month lows on Tuesday on technical selling and sluggish demand as the Northern Hemisphere winter wheat harvest continued, traders said.

• CBOT September soft red winter wheat WU25 settled down 8-3/4 cents at $5.29-3/4 per bushel after hitting $5.26, the contract's lowest since May 14.

• K.C. September hard red winter wheat KWU25 ended down 7-1/2 cents at $5.18-1/2 a bushel and Minneapolis September spring wheat MWEU25 fell 4 cents to finish at $5.77-1/2 a bushel.

• The U.S. Department of Agriculture said late on Monday that the U.S. winter wheat harvest was 80% complete as of Sunday, up from 73% the prior week and near the five-year average of 81%. The spring wheat harvest was 1% complete.

• The USDA rated 49% of the U.S. spring wheat crop in good to excellent condition, down from 52% last week.

• European wheat futures dropped more than 1%, tracking a fall in U.S. markets, but a weaker euro against the dollar following a trade agreement between the European Union and the United States helped to cushion the decline, traders said.

• Jordan's state grain buyer made no purchase in an international tender to buy 120,000 metric tons of milling wheat, which closed on Tuesday, European traders said.