Wheat Futures Jump to 8-Week High

2026-01-28 16:30 By Agna Gabriel 1 min. read

Wheat futures rose past $5.4 per bushel, the highest in eight weeks, as freezing weather in the US and Russia raised concerns over potential crop damage.

Record-low temperatures across the central and eastern US supported prices, while abnormal cold in Russia could reduce output.

A weaker US dollar, hovering near a four-year low after President Trump said he was unconcerned about its decline, boosted expectations for US exports by making supplies more competitive against cheaper Brazilian soybeans and Russian wheat.

Trump’s comments on expanding E15 ethanol sales also lifted sentiment, raising hopes for higher corn-based demand, though uncertainty remains over when year-round sales might be allowed and how much additional demand would materialize.



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