CHICAGO, May 27 (Reuters) - Chicago Board of Trade wheat futures slumped to a two-week low on Wednesday, rounding off a fifth consecutive day of losses, as traders ignored a worsening of U.S. crop ratings and looked ahead to Northern Hemisphere harvests that will pour new supply into the market.

• CBOT July soft red winter wheat WN26 finished 13 cents lower at $6.22-1/2 per bushel.

• K.C. July hard red winter wheat KWN26 dropped 6-1/2 cents to $6.69-3/4 per bushel, and Minneapolis July spring wheat MWEN26 settled down 11 cents at $6.80-3/4 per bushel.

• U.S. government data on Tuesday indicated that 26% of the U.S. winter wheat crop was in good-to-excellent condition, below analysts' expectations and the lowest on record for this time of the year.

• Agriculture consultancy SovEcon raised its forecast on Wednesday for Russia's 2026 wheat crop to 90.3 million metric tons from 89.7 million tons seen earlier, citing favorable "moisture reserves".

• India's wheat production rose to record highs in the 2025/26 crop year, the government said on Wednesday, as ample monsoon rainfall helped farmers expand acreage.