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CBOT wheat ends higher on faltering dollar

ReutersApr 11, 2025 8:09 PM

- Chicago Board of Trade wheat futures closed up on Friday as the U.S. dollar weakened against other major currencies, analysts said.

  • CBOT May soft red winter wheat WK25 settled up 17-3/4 cents at $5.55-3/4 per bushel.

  • K.C. May hard red winter wheat KWK25 ended up 10 cents at $5.68 per bushel, and Minneapolis May spring wheat MWEK25 gained 13 cents to finish at $6.15 a bushel.

  • For the week, most active wheat Wv1 gained 5%.

  • The dollar weakened against major currencies on Friday as tariff disputes between the U.S. and other countries dented confidence in the dollar as a safe haven, pushing it to a three-year low versus the euro.

  • A lower dollar tends to make U.S. exports cheaper and more competitive on the global market.

  • The USDA reported U.S. wheat ending stocks at 846 million bushels, up from its March estimate of 819 million.

  • Analysts, on average, expected the agency to put wheat ending stocks at 825 million bushels, according to a Reuters poll.

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