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CBOT wheat dips, following corn and soybeans

ReutersJan 22, 2025 8:37 PM

- Chicago Board of Trade benchmark wheat futures Wv1 ticked down on Wednesday following corn and soybeans, but received support from winterkill risks in the United States.

  • CBOT's March soft red winter wheat futures WH25 settled down 4-3/4 cents at $5.54 a bushel. Earlier in the session, the most-active wheat contract on a continuous basis Wv1 touched the highest point seen since Dec. 11.

  • K.C. March hard red winter wheat futures WKH25 ended down 3/4 cent at $5.74-3/4 a bushel.

  • Minneapolis March spring wheat futures MWEH25 ended up 2 cents at $6.06-1/2 cents a bushel.

  • The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans. A weaker dollar tends to make U.S. exports cheaper and more attractive to overseas buyers.

  • Soft red winter wheat faces winterkill risks in the central United States, according to Commodity Weather Group.

(Reporting by Renee Hickman; Editing by Mark Porter)

((renee.hickman@thomsonreuters.com))

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