CBOT wheat higher on technical trading

CHICAGO, Aug 26 (Reuters) - Chicago Board of Trade wheat futures firmed on Tuesday on a technical bounce as ample global supply kept futures anchored.

• Wheat has benefited from a technical rebound as traders exited short positions, though prices remained near four-year lows.

• For spring wheat, the agency rated 49% of the crop in good to excellent condition, down from 50% a week ago. Analysts expected no change. Spring wheat harvesting was 53% complete, up from 36% a week ago.

• Russia's IKAR consultancy has raised its 2025 wheat crop forecast to 86.0 million metric tons, up from 85.5 million tons previously and lifted its wheat export outlook to 43.0 million tons, up from 42.5 million tons. Russia is the world's largest wheat exporter.

• CBOT December soft red winter wheat WZ25 settled 2 cents higher at $5.31-3/4 per bushel.

• K.C. December hard red winter wheat KWZ25 fell 3 cents to $5.17-3/4 a bushel.

• Minneapolis September spring wheat MWEU25 fell 2-3/4 cents to end at $5.89-3/4 a bushel.