Mutual strikes between Russia and Ukraine over the weekend have dimmed prospects for resuming Black Sea grain exports, reviving global supply concerns and prompting buyers to seek alternative shipments. Chicago wheat front-month futures rose as much as 0.8% on Monday after sliding last week to their lowest intraday level since August. Earlier signs that Russia could export via Baltic ports and expectations of near-term harvests in Australia and other exporters had eased worries; renewed tensions

Mutual strikes between Russia and Ukraine over the weekend have dimmed prospects for resuming Black Sea grain exports, reviving global supply concerns and prompting buyers to seek alternative shipments. Chicago wheat front-month futures rose as much as 0.8% on Monday after sliding last week to their lowest intraday level since August. Earlier signs that Russia could export via Baltic ports and expectations of near-term harvests in Australia and other exporters had eased worries; renewed tensions raise the risk of tighter global supplies.