
U.S. Wheat Associates reviewed the drivers of a wheat rally from January 1 to February 19, 2025, when KC wheat futures rose 11%, CBOT 8% and MGEX 7%. Factors cited were weather risks, a dollar index that peaked at 109.9 in January, and trade policy uncertainty.
A stronger dollar and tariff uncertainty weigh on US export competitiveness, while weather risk supports wheat prices. Feed buyers face higher wheat costs as an alternative to corn.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.