CBOT wheat futures recover as traders square positions ahead of US holiday

CHICAGO, Nov 25 (Reuters) - Chicago Board of Trade wheat futures ended higher on Tuesday, regaining ground after a four-session slide, market analysts said.

• But futures traded within a relatively narrow range as traders began squaring positions ahead of the U.S. Thanksgiving Day holiday on Thursday, analysts said.

• Grain markets drew support from rising investor expectations for a U.S. interest rate cut next month. MKTS/GLOB

• CBOT March soft red winter wheat WH26 settled up 4-1/2 cents to close at $5.39-1/4 per bushel.

• K.C. March hard red winter wheat KWH26 ended up 5-3/4 cents at $5.28-1/4 a bushel, and Minneapolis December spring wheat MWEH26 settled up 4-3/4 cents at $5.80-3/4 a bushel.

• The U.S. Department of Agriculture reported weekly net export sales of wheat for the week ended October 9 at 613,900 metric tons - on the high end of trade expectations.

• A group of South Korean flour mills has issued an international tender to purchase about 90,000 metric tons of milling wheat to be sourced from the United States and Canada, European traders said on Tuesday. Some 50,000 tons from the United States is sought for shipment between March 1 and March 31.

• But prices remained under pressure from falling Russian prices, harvesting in Argentina and Australia, and results from a Saudi import tender on Monday have kept attention on strong competition in a well-supplied wheat market.