# Ahead of the Open | Wheat leading to the upside - Pro Farmer

> Wheat futures pushed to fresh highs overnight on January 29 while corn and soybeans traded within the prior day's range. Trump warned Iran to reach a nuclear deal or face strikes, lifting front-month crude to a four-month high, while the US dollar index fell.

- Date: 2026-01-29 · published 2026-01-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/21108-ahead-of-the-open-wheat-leading-to-the-upside-pro-farmer
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher crude and a weaker dollar support commodity prices broadly, and crude strength raises biofuel-linked soy oil and corn ethanol values.

## Read by commodity

- DXY: bearish ▼
- SOY: bullish ▲
- WTI: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- profarmer.com: https://www.profarmer.com/news/ahead-open/ahead-open-wheat-leading-upside

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