CBOT wheat climbs on low EU supplies

CHICAGO, Aug 30 (Reuters) - Chicago Board of Trade benchmark wheat futures Wv1 finished up, with the grain posting its biggest weekly jump since May, boosted by low wheat production in the European Union, according to analysts.

• CBOT's December soft red winter wheat WZ24 settled up 2-3/4 cents to $5.51-1/2 per bushel.

• K.C. December hard red winter wheat KWZ24 ended up 4-3/4 cents to $5.65-1/4 per bushel.

• MGEX December spring wheat MWEZ24 rose 10 cents to finish at $6.00-1/2.

• For the week, most-active Wv1 ended up 23-1/2 cents, or 4.45%, its first advance in three weeks and its biggest weekly gain since mid-May.

• The European Commission cut its estimate for usable production of common wheat in the European Union in 2024/25 on Thursday to 116.1 million metric tons from 120.8 million forecast a month ago, still a four-year low.

• In the Black Sea region, dryness will hamper winter wheat plantings in September, Commodity Weather Group said.

• Ukraine had harvested 28.7 million metric tons of grain as of Friday, including 21.76 million tons of wheat from 4.8 million hectares, its agriculture ministry said.

• Deliveries against CBOT September wheat futures were 416 contracts, compared with analysts' expectations for 100-500 contracts.

(Reporting by Renee Hickman; Editing by Mark Porter)

((renee.hickman@thomsonreuters.com))