Markets Markets Newswire U.S. wheat futures firm on concerns about escalations in Ukraine/Russia fight By Reuters Reuters Founded in 1851, Reuters is a news agency owned by Thomson Reuters. With 200 locations worldwide and 2,500 journalists, Reuters is one of the largest news agencies in the world. Reuters has remained true to the Trust Principles of independence, integrity, and freedom from bias, working relentlessly to bring news from the source and from every corner of the world. Successful Farming's Editorial Guidelines Published on January 25, 2023 Trending Videos Close this video player CHICAGO, Jan 25 (Reuters) - U.S. wheat futures rose onWednesday, with prospects for escalations in the war betweenUkraine and Russia, two key grain exporters, supporting prices. * Hopes for a pick-up in export demand for U.S. suppaliesdue to rising global prices added support. * The United States said on Wednesday it would supplyUkraine with 31 of its most advanced battle tanks after Germanybroke a taboo with a similar announcement, moves hailed by Kyivas a potential turning point in its battle to repel Russia'sinvasion. * India will provide 3 million tonnes of wheat to bulkbuyers such as flour millers, as part of efforts to bring downprices, which jumped to a record high on Wednesday, a governmentofficial told Reuters. * Analysts were expecting a U.S. Agriculture Departmentreport on Thursday morning to show that weekly export sales ofwheat were in a range between 150,000 and 575,000 tonnes. A weekearlier, wheat export sales totaled 508,124 tonnes. * The benchmark Chicago Board of Trade March soft red winterwheat contract settled up 6-3/4 cents at $7.41-1/4 abushel. * CBOT March soft red winter wheat broke through technicalresistance at its 10-day moving average. * K.C. hard red winter wheat March futures gained9-1/4 cents to $8.43 a bushel and MGEX spring wheat for Marchdelivery rose 4 cents to $9.07 a bushel. (Reporting by Mark Weinraub; Editing by Sandra Maler) © Copyright Thomson Reuters 2023. Click For Restrictions - http://about.reuters.com/fulllegal.asp Was this page helpful? Thanks for your feedback! Tell us why! Other Submit