CBOT wheat higher on spillover support

CHICAGO, Feb 3 (Reuters) - Chicago Board of Trade wheat futures ticked higher on Tuesday on spillover support from rising corn and soybean futures.

• Chicago grain and soybean futures regained ground on Tuesday as a selloff in commodity markets subsided and after the U.S. Department of the Treasury released updated guidance on biofuel tax credits, analysts said.

• In wheat, concerns were easing about cold weather damage to crops in the U.S. and the Black Sea region.

• CBOT March soft red winter wheat WH26 closed 1 cent higher at $5.28-3/4 per bushel.

• K.C. March hard red winter wheat KWH26 fell 1/2 cent to $5.34-3/4 a bushel. Minneapolis March spring wheat MWEH26 settled 6-3/4 cents lower at $5.17-1/2 a bushel.