CBOT wheat ends higher on recent dollar weakness

CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade wheat futures finished higher on Wednesday on recent dollar weakness, which tends to make U.S. grains more competitive globally. The dollar steadied on Wednesday but was still set for a weekly fall.

• The dollar index =USD, which measures the U.S. currency's strength against a basket of peers, rose 0.8% to 96.667. The index sank as low as 95.86 on Tuesday, its weakest level since February 2022, after U.S. President Donald Trump brushed off this month's slide, emboldening dollar bears.

• Record low temperatures were reached this week 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.

• In Russia, the world's biggest wheat supplier, concerns over damage to wheat crops and disruption to exports from severe winter weather were subsiding.

• Consultancy Sovecon raised its 2025/26 Russian wheat export forecast by 1.1 million metric tons on Tuesday to 45.7 million tons.

• CBOT March soft red winter wheat WH26 closed up 12-3/4 cents at $5.36 per bushel.

• K.C. March hard red winter wheat KWH26 rose 9-1/2 cents to end at $5.42-1/4 a bushel. Minneapolis March spring wheat MWEH26 was up 2-1/4 cents at $5.74 a bushel.