The Hightower Report said, “The wheat market is higher today, rebounding after making fresh two-month lows yesterday. Momentum has shifted as geopolitical tensions and weather developments support a firmer tone. Overnight, the EU rolled out a significant new sanctions package against Russia, and reports confirm that longer-range, high-tech weapons are now being delivered to Ukraine. While aimed at pressuring Russia into a ceasefire, the move could escalate the conflict in the short term, one of the key drivers behind this morning’s strength. Amanda Brill at Total Farm Marketing said, “Yesterday’s export sales report saw wheat sales at 494k tons which compared to 577k last week and 579k a year ago at this time. Top buyers were Mexico, Venezuela, and South Africa.”