Wheat leads grains higher, with Russian strikes in focus
Business World Philippines
|December 24, 2025
Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week.
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Soybeans were also higher, breaking a run of six falling sessions, as the oilseed found further support in a crude oil rally and an easing dollar.
Corn tracked wheat and soybeans higher, with strong export demand for the grain also supporting prices.
The most-active wheat contract on the Chicago Board of Trade (CBOT) settled 5-3/4 cents higher at $5.15-1/2 per bushel.
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