The wheat complex showed strength on Tuesday, with Chicago SRW futures gaining 4 to 5 cents and KC HRW futures up 5 to 6 cents. MPLS spring wheat futures rose as well. Commitment of Traders data revealed managed money adding to their net short positions in CBT and KC wheat. Delayed Export Sales data showed an increase in wheat sales compared to the previous year. South Korea is importing wheat from the US and Canada, while Russia’s 2026 wheat crop is estimated at 86-91 MMT. EU wheat exports are slightly behind last year’s numbers. Dec 25 CBOT Wheat closed at $5.27 1/4, up 5 cents, Mar 26 CBOT Wheat closed at $5.39 1/4, up 4 1/2 cents, Dec 25 KCBT Wheat closed at $5.13 1/4, up 6 cents, Mar 26 KCBT Wheat closed at $5.28 1/4, up 5 3/4 cents, Dec 25 MGEX Wheat closed at $5.80, up 12 1/4 cents, Mar 26 MGEX Wheat closed at $5.81 3/4, up 4 3/4 cents.

Read more at Yahoo Finance: Wheat Posts Tuesday Gains