.jpg)
1 hour ago
2
![m}(trqnvsz5]hy6l1hiqsmsy_media_dl_1.png](https://smartcdn.gprod.postmedia.digital/financialpost/wp-content/uploads/2026/01/grains-prices-climb-with-weaker-us-dollar-us-supplies-are-m.jpg?quality=90&strip=all&w=288&h=216&sig=6dyxiV6KhoQ3eWw58q27sw)
Article content
(Bloomberg) — Wheat soared the most since November while corn and soybeans also gained in Chicago as a recent slide in the US dollar boosted demand expectations for American crops.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
A gauge of the dollar was hovering near a four-year low in the wake of US President Donald Trump’s comments that he wasn’t concerned about a drop in the value of the greenback. A weaker dollar make US supplies more competitive in a world market currently dominated by relatively cheaper Brazilian soybeans and Russian wheat.
Article content
Article content
Article content
Meanwhile, Trump said Tuesday in the top corn-growing state of Iowa that he was trusting the House and Senate to finish a deal to expand nationwide sales of gasoline blends with as much as 15% ethanol.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
“They’re very close to getting it done,” Trump said of so-called E15.
Article content
The move in the dollar, coupled with Trump’s ethanol comments, raised hopes for a turn after prices have been under pressure from abundant world supplies.
Article content
There’s “a subtle bullish shift due to recent currency action,” Hightower Report said in a Wednesday note. The administration “may have decided the best way to keep US physical exports competitive is a weaker dollar, which pushing the Brazilian currency strongly higher.”
Article content
Shares for agriculture companies were also rising, with ethanol producer Green Plains Inc. surging as much as 4%. Traders Archer-Daniels-Midland Co. and Bunge Global SA also climbed, with ADM further benefiting from the closure of a US investigation on its accounting practices.
Article content
Still, it remains uncertain when or if the US will permit E15 to be sold year-round, or how much demand could rise after that. A measure on the matter failed last week. Instead, lawmakers moved to establish a rural domestic energy council to examine the issue, setting the stage for future legislation. The delay sparked an angry response from farm groups and biofuel supporters that have long campaigned for changes that would expand the domestic ethanol market.
Article content
—With assistance from Ben Westcott and Eleanor Thornber.
Article content
English (US)