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Wheat futures rose above $5.40 per bushel, an eight-week high, as freezing weather in the US and Russia raised concerns about crop damage. A weaker US dollar near a four-year low also boosted export competitiveness.
Cold-related crop damage fears and a weaker dollar push wheat higher, and cheaper US wheat could draw export demand away from Russia.
tradingeconomics.comAgna GabrielJan 28, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 13 past bearish weather events, US Dollar (Broad) moved a median -0.2% over 5 sessions (38% higher; middle half -0.8% to +0.3%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
