# Wheat turns up: Dry weather and a weak dollar drive up

> US wheat futures rose sharply midweek, with Chicago SRW March up 12.75 cents to 536 cents/bushel and Kansas City HRW March up 9.5 cents. Dry forecasts for the Southern Plains and a weaker US dollar supported prices, and traders awaited USDA export sales figures.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/21096-wheat-turns-up-dry-weather-and-a-weak-dollar-drive-up
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dry Plains weather threatens HRW yields and a softer dollar makes US wheat more competitive abroad, both supportive for feed-grain and wheat prices.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-04-25 | [Wheat hits two-week high on dry US weather](https://feedsoft.ai/events/65543-wheat-hits-two-week-high-on-dry-us-weather.md) | +3.5% | +2.9% |
| WHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | +0.2% | -2.0% |
| WHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -0.9% | -2.8% |
| WHEAT | 2018-05-29 | [Global weather concerns drive demand \| The Land \| NSW](https://feedsoft.ai/events/64979-global-weather-concerns-drive-demand-the-land-nsw.md) | -0.9% | -2.8% |
| WHEAT | 2016-05-16 | [Dry weather and weaker dollar lifts grain prices
 \| Queensland Country Life \| QLD](https://feedsoft.ai/events/6787-dry-weather-and-weaker-dollar-lifts-grain-prices-queensland-country-life-qld.md) | -0.7% | +2.7% |
| KWHEAT | 2018-04-25 | [Wheat hits two-week high on dry US weather](https://feedsoft.ai/events/65543-wheat-hits-two-week-high-on-dry-us-weather.md) | +8.1% | +9.7% |
| KWHEAT | 2018-05-31 | [Weather conditions drive up prices for wheat — Latifundist.com](https://feedsoft.ai/events/65073-weather-conditions-drive-up-prices-for-wheat-latifundist-com.md) | -0.2% | -14.9% |
| KWHEAT | 2018-05-29 | [Wheat prices are rising because of the hot and dry weather](https://feedsoft.ai/events/65065-wheat-prices-are-rising-because-of-the-hot-and-dry-weather.md) | -7.5% | -16.7% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/newsticker-wheat-turns-dry-weather-and-weak-dollar-drive-prices-2026-01-29

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