InfoSAWIT, CHICAGO — Chicago wheat futures slipped on Friday (30 January 2026) as the US dollar regained strength, although the broader weekly performance remained supported by the currency’s earlier weakness.

According to Reuters, as published online by InfoSAWIT, the most active wheat contract on the Chicago Board of Trade (CBOT) fell about 0.4% to US$5.39½ per bushel in morning trade. Soybeans also declined 0.4% to US$10.67½ per bushel, while corn eased 0.2% to US$4.30 per bushel.

Despite the daily pullback, wheat prices posted a weekly gain of around 1.8%, having reached an eight-week high earlier in the week.

The dollar strengthened against a basket of major currencies amid signals of relatively tighter policy from the Federal Reserve, although volatility persisted. Reuters noted that shifting policy statements from former US President Donald Trump had previously pressured the dollar to near four-year lows.

Cornucopia agricultural consultant founder Tobin Gorey said the modest dollar rebound reduced momentum in US grain and oilseed prices. Market participants also observed that commodity funds still hold sizable net short positions in CBOT wheat.

Weather-related risks from cold air in the US and Ukraine offered limited support, but analysts said ample global supply and competitive exports could cap any sustained rally. (T2)