# Wheat Futures Reach New Heights After Trump Holds Back Tariffs - Finimize

> 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.

- Date: 2025-01-21 · published 2025-01-21T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/9935-wheat-futures-reach-new-heights-after-trump-holds-back-tariffs-finimize
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-10-29 | [Wheat Futures Turn Higher After USDA Export Sales Hit… - SquawkNews](https://feedsoft.ai/events/2010-wheat-futures-turn-higher-after-usda-export-sales-hit-squawknews.md) | -0.4% | — |
| WHEAT | 2020-05-13 | [Farmers replace barley with wheat, oats after China tariff shock \| Countryman](https://feedsoft.ai/events/53182-farmers-replace-barley-with-wheat-oats-after-china-tariff-shock-countryman.md) | -0.4% | +0.5% |
| WHEAT | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +3.8% | -1.8% |
| WHEAT | 2019-12-31 | [Soybean, wheat futures end year modestly higher - Brownfield Ag News](https://feedsoft.ai/events/55615-soybean-wheat-futures-end-year-modestly-higher-brownfield-ag-news.md) | +0.6% | -2.3% |
| WHEAT | 2025-11-04 | [Soybeans ease after rally; wheat hits three-month high — TradingView News](https://feedsoft.ai/events/6944-soybeans-ease-after-rally-wheat-hits-three-month-high-tradingview-news.md) | -3.7% | -1.2% |
| CORN | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +1.4% | +2.7% |
| CORN | 2019-06-08 | [Trump calls off tariffs after Mexico vows to tighten borders](https://feedsoft.ai/events/58813-trump-calls-off-tariffs-after-mexico-vows-to-tighten-borders.md) | +5.9% | +4.8% |
| CORN | 2025-08-25 | [Canadian Dollar holds firm as oil rebounds, Ottawa rolls back tariffs on US goods](https://feedsoft.ai/events/23558-canadian-dollar-holds-firm-as-oil-rebounds-ottawa-rolls-back-tariffs-on-us-goods.md) | +1.9% | +7.4% |

## Sources

- finimize.com: https://finimize.com/content/wheat-futures-reach-new-heights-after-trump-holds-back-tariffs

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