# Wheat Futures Jump to 8-Week High

> 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.

- Date: 2026-01-28 · published 2026-01-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/21097-wheat-futures-jump-to-8-week-high
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Cold-related crop damage fears and a weaker dollar push wheat higher, and cheaper US wheat could draw export demand away from Russia.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-26 | [Corn futures jump to a 7-year high on supply concerns](https://feedsoft.ai/events/9399-corn-futures-jump-to-a-7-year-high-on-supply-concerns.md) | +3.3% | -0.2% |
| WHEAT | 2024-05-15 | [Chicago wheat futures ease](https://feedsoft.ai/events/10909-chicago-wheat-futures-ease.md) | +19.6% | +8.8% |
| WHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | -1.3% | +22.1% |
| 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 | 2018-08-04 | [Futures file: Wheat rises to a three-year high, gold falls – Greeley Tribune](https://feedsoft.ai/events/9687-futures-file-wheat-rises-to-a-three-year-high-gold-falls-greeley-tribune.md) | +2.9% | +1.6% |
| KWHEAT | 2024-04-23 | [Higher Wheat Futures on Weather - ADM Investor Services](https://feedsoft.ai/events/12143-higher-wheat-futures-on-weather-adm-investor-services.md) | +7.7% | +16.6% |
| 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 | 2018-08-04 | [Futures file: Wheat rises to a three-year high, gold falls – Greeley Tribune](https://feedsoft.ai/events/9687-futures-file-wheat-rises-to-a-three-year-high-gold-falls-greeley-tribune.md) | -1.3% | -7.8% |

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/wheat/news/520796

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