CBOT wheat ends nearly flat, traders eye dollar and US weather

CHICAGO, Jan 27 (Reuters) - Chicago Board of Trade wheat futures finished nearly flat on Tuesday as the dollar sank to a four-year low, underpinning commodity prices, analysts said.

• Traders attempted to assess potential damage to U.S. winter wheat fields from icy temperatures but said any crop losses would not become clear until spring.

• On Monday, temperatures dropped below zero degrees Fahrenheit (-18 degrees Celsius) to record lows in parts of Kansas and Texas, according to the U.S. Department of Agriculture. From Kansas southward, much of the winter wheat crop was covered with snow that can protect it from the bitter cold, the agency said in a daily weather report.

• Traders have also monitored cold weather in Russia, the world's biggest wheat supplier.

• Agricultural consultancy Sovecon raised its 2025/26 Russian wheat export forecast by 1.1 million metric tons to 45.7 million tons.

• CBOT March soft red winter wheat WH26 closed up 3/4 cent at $5.23-1/4 per bushel. On Monday, the contract finished lower after reaching its highest level since December 12.

• K.C. March hard red winter wheat KWH26 rose 3 cents to end at $5.32-3/4 a bushel. Minneapolis March spring wheat MWEH26 was up 2 cents at $5.71-3/4 a bushel.