# CBOT weekly outlook: Wheat futures underpinned for now - Grainews

> US wheat futures climbed over the past week, with CBOT soft wheat posting the largest gains, and May Chicago wheat rose about 80 cents off its lows to trade above $5.70 per bushel. Support came from pandemic-driven retail demand for pasta and flour, stimulus measures, and production problems in France and the Black Sea region.

- Date: 2020-03-26 · published 2020-03-26T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/54182-cbot-weekly-outlook-wheat-futures-underpinned-for-now-grainews
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Production issues in France and the Black Sea combined with strong retail demand support wheat prices, while a stronger dollar could weigh on US grain export competitiveness.

## Read by commodity

- DXY: neutral
- WHEAT: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/cbot-weekly-outlook-wheat-futures-underpinned-for-now/

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