CBOT wheat futures rebound on support from Russian strikes

CHICAGO, Dec 22 (Reuters) - Chicago Board of Trade wheat futures rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concern about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week.

• After ample global supply and doubts over Chinese demand pushed Chicago grains to multi-week lows in recent days, war headlines helped prices recover.

• Russia has increased attacks on the Odesa region on the Black Sea coast in recent weeks, disrupting Ukraine's grain export logistics.

• Large wheat harvests in Argentina and Australia are nonetheless further swelling global supply, keeping prices in check.

• Russia will harvest 137 million metric tons of grain in 2025, slightly more than previously forecast, including 90 million tons of wheat, top government officials said on Thursday, enough to supply the domestic market and meet export demand.

• CBOT March soft red winter wheat WH26 settled 5-3/4 cents higher at $5.15-1/2 per bushel.

• K.C. March hard red winter wheat KWH26 ended 6 cents higher at $5.21-1/4 a bushel.

• Minneapolis March spring wheat MWEH26 ended 2 cents higher at $5.80 per bushel.