I can find 5 market reports talking the price of grain higher, and I can find five reports talking the price of grain lower this morning. This just confirms this market is and will continue to be harder to pick than a broken nose in the short to mid-term.

Russia is doing the darndest to talk the market up. Some EU countries are threatening to ban Russian imports / exports over the next few months. Russia is retaliating by saying they will walk away from the Black Sea Grain Corridor deal that is allowing Ukraine to export grains through the Bosphorus if Russian imports or exports to the EU are banned.
The flip side to this is that two (or more) things could happen. Ukraine exports will decline through both Europe and the Black Sea, short term this could be considered bullish price. Longer term any decline in exports nearby will simply be added onto the carry-over stocks number.
With Ukraine producing much less wheat in 2023, and also a decline in Russian production on the cards, this may not be a huge issue but may be enough to counter the bulls mid-term.

The USDA US crop condition report was out on Tuesday here. Corn sowing progress was better than expected at 14% (Avg 11%) and weighed on prices. US winter wheat condition declined further, Kansas now 14% G/E, 62% P/VP. The Kansas wheat crop is now pegged at 3% in head. Accuweather is forecasting temperatures at Topeka down to -1C on the 26th and -3C on the 27th. Obviously, this kind of outlook makes US wheat futures……….. fall……….
US banking issues are not helping the big picture. First Republic Bank saw $100Bn bank run hurt share values.