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CBOT wheat closes sharply up on growing worry about Black Sea shipments

CHICAGO, Oct 10 (Reuters) - Chicago Board of Trade wheat futures ended sharply higher on Monday amid growing concerns that an escalation in the fighting between Russia and Ukraine could further disrupt grain shipments from Black Sea ports, traders said. * Russia struck Ukrainian cities on Monday after President Vladimir Putin declared an explosion on the bridge to Crimea over the weekend to be a terrorist attack. * The benchmark Chicago Board of Trade December soft red winter wheat contract settled up 57-3/4 cents at $9.38 a bushel. Earlier in the session, the contract rose to $9.49-3/4 a bushel, the highest price since July 11. * K.C. December soft red winter wheat last traded up 50-1/2 cents to $10.19-1/4 a bushel while MGEX December spring wheat settled up 46-1/4 cents at $10.14-1/4 a bushel. * Euronext wheat futures surged on Monday to their highest in over three months after the Russian strikes on Ukrainian cities revived fears over war disruptions to Black Sea grain exports. * Traders also jockeyed to adjust their positions ahead of U.S. Agriculture Department's monthly World Agricultural Supply and Demand Estimates and Crop Production reports on Wednesday. (Reporting by P.J. Huffstutter; Editing by Mark Porter)

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