CBOT wheat falls to contract lows on big supply, lower corn

CHICAGO, Aug 12 (Reuters) - Chicago Board of Trade wheat futures dropped to contract lows in all traded months on Tuesday, pressured by sharply lower corn prices and plentiful global wheat supplies.

• The U.S. Department of Agriculture sharply raised its 2025 U.S. corn harvest outlook in a monthly report on Tuesday, sending prices of the grain tumbling. The pressure spilled into wheat, in part because it makes wheat less attractive as a livestock feed, analysts said.

• In the same report, the USDA cut its 2025/26 U.S. wheat ending stocks outlook to 869 million bushels, down from 890 million a month ago and below the average analyst estimate for 882 million bushels.

• The USDA also projected all U.S. wheat production this year at 1.927 billion bushels, slightly above analysts' average estimate. The winter crop was also above expectations at 1.355 billion bushels.

• CBOT September soft red winter wheat WU25 hit a contract low of $5.03-1/4 a bushel and settled 10 cents lower at $5.05 a bushel.

• K.C. September hard red winter wheat KWU25 last traded 8-3/4 cents lower at $5.10-1/4 a bushel.

• Minneapolis September spring wheat MWEU25 settled 1/2 cent lower at $5.77-1/4 a bushel.