# Canada Know-Risk Market Outlook | Wheat Leads CBOT Lower

> Chicago wheat fell about 16 cents, or 3%, to $5.29 on Friday, leading CBOT grains lower while soybeans, corn and canola also declined. The strong US dollar was cited as hurting export demand for wheat. Spring wheat found support near $5.80.

- Date: 2025-01-03 · published 2025-01-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/11503-canada-know-risk-market-outlook-wheat-leads-cbot-lower
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A strong dollar cutting export demand for wheat is bearish for wheat and reduces its feed value appeal, while canola lower also weighs on canola meal.

## Read by commodity

- DXY: bullish ▲
- WHEAT: bearish ▼
- CANMEAL: bearish ▼

## Sources

- stonex.com: https://www.stonex.com/en-us/insights/canada-know-risk-market-outlook-wheat-leads-cbot-lower-1545022/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.