◂ Event Timeline

Nov 12, 2026MACROGlobal

CBOT wheat sinks to 9-month low on stronger US dollar

Chicago Board of Trade wheat futures fell to a 9-month low on Thursday. Selling pressure from a US dollar rally outweighed ongoing disruptions to grain shipments from Russia and Ukraine.

WHY IT MATTERS

A stronger dollar makes US wheat less competitive in export markets and pushes down dollar-denominated futures, adding downward pressure on wheat prices for feed buyers.

AFFECTSWheat (SRW)▼

SOURCE
squawknews.comSquawkNews DeskNov 12, 2026

Price reaction & history

Wheat (SRW)▼bearishSO FAR1d −0.3%5d —20d —

After 69 past bearish macro events, Wheat (SRW) moved a median -0.5% over 5 sessions (35% higher; middle half -2.6% to +0.8%), and -0.7% over 20.

Sep 28, 2022Why is the US dollar so strong, and what does it mean?+1.3%
Oct 27, 2026Wheat Prices Slip As A Stronger Dollar Tests Exports - Finimize-0.2%
Feb 27, 2021Commodity returns plunge the most in months amid stronger dollar+1.8%
Nov 14, 2024Rising dollar and rain forecasts weigh on US wheat-0.5%
Oct 29, 2022Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder-5.6%

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.

Wheat (SRW) WHEAT · GP ▸

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