CBOT wheat finishes up on recent dollar slide

The dollar eased across the board on Thursday but remained above recent multi-year lows, with investors still jittery about U.S. policy even as a mildly hawkish Federal Reserve provided some support.

Analysts said the slide this week prompted some investors to shift their focus to hard assets.

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.

Snowcover provided some protection from winterkill, according to forecaster Commodity Weather Group.

The U.S. Department of Agriculture said net U.S. wheat export sales in the week ended January 22 totaled 558,201 metric tons for shipments in the 2025/26 marketing year. The sales were near the high end of a range of trade estimates.

CBOT March soft red winter wheat WH26 closed up 5-1/2 cents at $5.41-1/2 per bushel.

K.C. March hard red winter wheat KWH26 rose 4-3/4 cents to end at $5.47 a bushel. Minneapolis March spring wheat MWEH26 was up 7-1/2 cents at $5.81-1/2 a bushel.