tradingkey.logo

CBOT wheat ends lower on robust U.S. dollar

ReutersJan 2, 2025 8:46 PM

- Chicago Board of Trade wheat futures closed lower on Thursday as the dollar gained ground against a group of other currencies, making U.S. exports more expensive and less attractive to holders of other currencies.

  • CBOT March soft red winter wheat WH25 settled down 5-3/4 at $5.45-3/4.

  • K.C. March hard red winter wheat KWH25 ended down 7-1/2 cents at $5.51-3/4 a bushel and Minneapolis March spring wheat MWEH25 fell 6-1/4 cents to end at $5.89-1/2 a bushel.

  • The U.S. dollar hit a two-year high on Thursday in the first day of 2025 trading, building on last year's strong gains on expectations that U.S. growth will beat peers and keep U.S. interest rates relatively elevated.

  • The U.S. Department of Agriculture is expected to report weekly export sales for the week ended Dec. 26 at 200,000-500,000 metric tons, according to a Reuters poll of analysts.

  • The USDA is expected to issue its weekly report at 7:30 a.m. CST (1330 GMT) on Friday, a day later than normal due to Wednesday's federal holiday.

(Reporting by Renee Hickman; Editing by Richard Chang)

((renee.hickman@thomsonreuters.com))

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI