CBOT wheat futures drop on the week

CHICAGO, Dec 19 (Reuters) - Chicago Board of Trade wheat futures ended up on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low.

• In a year of abundance for grains, big ongoing wheat harvests in Argentina and Australia are pouring new supply onto the market.

• Early prospects for next year's harvests appear favorable, with top exporter Russia projecting a bumper crop of 90 million metric tons, officials said on Thursday.

• CBOT March soft red winter wheat WH26 settled 2 cents higher at $5.09-3/4 per bushel.

• K.C. March hard red winter wheat KWH26 ended 1-3/4 cents lower at $5.15-1/4 a bushel.

• Minneapolis March spring wheat MWEH26 ended 5 cents higher at $5.78 per bushel.