CBOT wheat lower on favorable weather

CHICAGO, Aug 27 (Reuters) - Chicago Board of Trade wheat futures fell on favorable weather in U.S. growing areas, large global supply and a strong dollar, according to analysts.

• The dollar rose against major currencies on Wednesday, rebounding from yesterday's pullback as investors turned their focus to upcoming U.S. economic data for policy cues, even as worries persist over the Federal Reserve's independence.

• A stronger dollar makes U.S. exports more expensive and less competitive on the global export market.

• Beneficial weather in the U.S. Plains weighed on futures, according to analysts.

• Drier weather in the northern Plains and Prairies should favor spring wheat harvesting, according to forecaster Vaisala, while drier weather in the west central and southern Plains is expected to favor wheat planting.

• CBOT December soft red winter wheat WZ25 settled down 7-1/2 cents at $5.24-1/4 per bushel.

• K.C. December hard red winter wheat KWZ25 fell 4-3/4 cents, reaching contract lows before settling at $5.13 a bushel.

• Minneapolis December spring wheat MWEZ25 fell 13 cents, also hitting contract lows before ending at $5.76-3/4 a bushel.