Wheat futures rose in multiple markets as disruptions to Black Sea shipments and heightened tensions between Russia and Ukraine supported prices, with traders weighing the extent of the premium to add for the region. European demand and weather concerns remain a driver, as drought and heat push expectations of lower French and regional outputs, while Romania and other Black Sea players face logistics strain and shifting export flows. In the United States, hot weather and firm energy prices provided some support to grain prices, though USDA crop ratings kept some skepticism about sustained gains, suggesting the market still needs prolonged heat and dryness for a lasting rally. The broader commodity complex mirrored these dynamics, with energy leading the week’s gains and agricultural commodities, including wheat, benefiting from supply disruptions and demand signals. Soybeans and other grains also tracked higher on crude oil gains and strong Asian and European demand, reflecting a tightly balanced global supply picture. Overall, the week saw broad volatility and further strength in agricultural and energy-linked markets as supply constraints and geopolitical factors continued to shape prices.