GRAINS-Soy, wheat futures rise as dollar hits four-month low

Reuters
2026.01.27 18:37
portai
I'm PortAI, I can summarize articles.

Chicago wheat and soybean futures rose as the U.S. dollar hit a four-month low, making U.S. supplies cheaper for overseas buyers. Wheat futures reached a six-week high, while soybeans hit a four-week peak. Despite a slight dip in corn futures, analysts noted a modest rebound in grain markets following a previous sell-off. Global supplies remain ample, with a record Brazilian soybean harvest projected, although farmers are hesitant to sell at current prices. Meanwhile, U.S. President Trump is visiting Iowa to bolster support amid challenges in the farm economy.