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CBOT wheat ends higher on weaker dollar

ReutersSep 8, 2025 7:39 PM

- Chicago Board of Trade wheat futures rose on Monday as the U.S. dollar weakened, making U.S. exports more attractive.

  • A Reuters poll of analysts predicted that the U.S. Department of Agriculture, in a weekly report due later in the day, would put U.S. spring wheat harvesting at 84% complete as of Sunday, up from 72% a week earlier.

  • Analysts polled said the winter wheat crop was likely to be 5% planted.

  • The U.S. dollar fell on Monday, extending losses after Friday's weak U.S. jobs report that reinforced expectations of a Federal Reserve rate cut this month.

  • A weaker dollar tends to make U.S. exports cheaper and therefore more competitive on the global market.

  • Analyst APK-Inform sharply increased its forecast for Ukraine's 2025 grain harvest and exports, while consultancy Sovecon raised its forecast for Russia's wheat crop.

  • CBOT December soft red winter wheat WZ25 settled up 4-1/2 cents at $5.23-3/4 per bushel.

  • K.C. December hard red winter wheat KWZ25 ended up 12 cents at $5.17-1/4 per bushel.

  • Minneapolis December spring wheat MWEZ25 rose 10-3/4 cents to finish at $5.66 a bushel.

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