Loading…
US wheat futures climbed to a five-week high, with March Chicago wheat reaching $5.58-3/4 per bushel. Gains were supported by stronger corn futures, a weaker dollar, and the delay of proposed tariffs on Canada and Mexico.
Egyptian buyer Mostakbal Misr took advantage of competitive prices.
A weaker dollar and deferred tariff threats make US grains more competitive and attract export demand, supporting wheat and corn prices, though tariff risk could still reshape trade flows.
finimize.comFinimize NewsroomJan 21, 2025After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
After 39 past bearish trade events, US Dollar (Broad) moved a median -0.4% over 5 sessions (26% higher; middle half -1.1% to +0.0%), and -0.8% over 20.
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.
