CBOT wheat settles up on a falling dollar, weather worries
CHICAGO, Jan 22 (Reuters) - Chicago Board of Trade wheat futures closed higher on a weaker U.S. dollar on Thursday, as well as weather concerns in growing regions.
CBOT March soft red winter wheat WH26 settled up 7-3/4 cents at $5.15-1/2 per bushel.
K.C. March hard red winter wheat KWH26 ended up 6 cents at $5.25-3/4 a bushel and Minneapolis March spring wheat MWEH26 rose 10 cents to finish at $5.73-3/4 a bushel.
A lower dollar in theory makes U.S. exports cheaper and more competitive on the U.S. market.
A winter storm is forecast to bring beneficial moisture to the southern Plains starting on Friday but frigid temperatures in its wake could threaten winter wheat in areas lacking protective snow cover.
Managed commodity funds hold a sizable net short position in CBOT wheat futures, leaving the market open to bouts of short-covering.
Related Articles
$660B Capex Bill Triggers $900B Wipeout: Why Apple Shares Outperform Amazon and Google Despite AI Lag
Based on financial disclosures, the combined 2026 capital expenditure forecasts for Meta, Amazon, Google, and Microsoft are projected to reach $660 billion. This figure is not only significantly higher than the $410 billion forecast for 2025 and $245 billion for 2024, but even surpasses the GDP of I
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
