* Additional pressure noted from fears that resilience in the U.S. economy could encourage more interest rate hikes by Federal Reserve in the months ahead.
* CBOT March soft red winter wheat settled down 16-3/4 cents at $7.69-1/4 per bushel. A day earlier, the contract climbed to $7.97-1/2, its highest since Dec. 30, before turning lower. The contract has not traded above $8 since late November.
* K.C. March hard red winter wheat ended down 11-1/2 cents at $8.94-1/2 a bushel and MGEX March spring wheat fell 7-1/4 cents to end at $9.24-3/4 a bushel.
* Winter storms were crossing eastern Colorado and northwestern Kansas, bringing welcome moisture for dormant hard red winter wheat.
* Euronext wheat fell in step with CBOT futures as traders
assessed war tensions in Ukraine and continuing export
competition from the Black Sea region.
* Russia-focused agricultural consultancy Sovecon raised its
2022/23 Russian wheat export forecast by 0.1 million tonnes to
44.2 million tonnes.
* Ahead of the U.S. Department of Agriculture's weekly
export
sales report on Thursday, traders expected the government to
report export sales of U.S. wheat in the week ended Feb. 9 at
150,000 to 500,000 tonnes (old and new crop years combined).
(Reporting by Julie Ingwersen; Editing by Paul Simao)
