Title: Wheat: What's The Impact of the US Dollar & Other Price Drivers on Its Value? - Commodity.com
Headings: Wheat: What’s The Impact of the US Dollar & Other Price Drivers on Its Value?
Wheat: What’s The Impact of the US Dollar & Other Price Drivers on Its Value?
Why Is Wheat Valuable?
Where Is Wheat Grown?
Top Wheat Producing Countries
What Is Wheat Used For?
What Drives the Price of Wheat?
The US Dollar
Supply and Demand Imbalances
Emerging Markets
Weather
Ethanol Subsidies
Where Can I Trade Wheat?
Further Reading

Content: The price of wheat is usually highly correlated with the price of other grains such as corn and barley. Most of the economic and trade factors that move wheat prices affect agricultural commodities in general. The biggest drivers of wheat prices are: The US dollar
Supply and demand imbalances
Emerging markets
Weather
Ethanol subsidies
The US Dollar
The US currency is the world’s reserve currency. As a result, wheat, like other commodities, gets quoted in US dollars. Sellers of wheat receive fewer dollars for their product when the US currency is strong and more dollars when the currency is weak. Therefore, a strong US dollar depresses wheat prices, while a weak US dollar lifts them. In addition, since the United States is a major exporter of wheat, its price will likely continue to be quoted in US dollars. Supply and Demand Imbalances
Governments often take actions that result in supply and demand imbalances in the wheat market. For example, in recent years, India has enacted import duties on wheat in an attempt to support domestic production.