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CBOT seesaws on strong dollar, snow in wheat belt

ReutersMar 21, 2025 8:13 PM

- Chicago Board of Trade wheat futures traded both sides of unchanged before ending higher on Friday as traders assessed a rising dollar and a week with snowy weather in the U.S. Plains.

  • CBOT May soft red winter wheat WK25 settled up 1 cent at $5.58-1/4 a bushel.

  • K.C. May hard red winter wheat KWK25 ended up 2-1/4 cents at $5.88-3/4 per bushel and Minneapolis May spring wheat MWEK25 rose 1/4 cent to $6.05 per bushel.

  • For the week, most active wheat Wv1 was up 0.22%.

  • The dollar firmed against the euro on Friday, as investors took profits from the currency's recent advance, and as an April 2 deadline for reciprocal U.S. tariffs approached.

  • A stronger dollar tends to make U.S. exports more expensive and therefore less competitive on the global market.

  • Analysts said traders are exiting positions prior to the weekend because of anxiety over any news that could break and contribute to current economic uncertainty.

  • Snowy weather this week in parts of the U.S. wheat belt provided needed precipitation to the crop.

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