CBOT wheat futures higher, though ample supply in focus

CHICAGO, Dec 23 (Reuters) - Chicago Board of Trade wheat futures inched higher on Tuesday on positioning, though a massive global supply of wheat remained in focus.

• Wheat had ticked up on Monday on concerns that escalation in the war in Ukraine could disrupt Black Sea exports.

• Russian forces hit port and energy infrastructure in Ukraine's Odesa region, sparking a fire that burned 30 containers of flour and vegetable oil at the port of Pivdennyi, a senior Ukrainian official said on Monday.

• However, dropping Russian wheat prices and an ample supply of Argentinian wheat outweighed support from the ongoing Black Sea war.

• CBOT March soft red winter wheat WH26 settled 1-1/2 cents higher at $5.17 per bushel.

• K.C. March hard red winter wheat KWH26 ended 6-3/4 cents higher at $5.28 a bushel.

• Minneapolis March spring wheat MWEH26 ended unchanged at $5.80 per bushel.