Crops Gain as Weak Dollar, Trump Biofuel Comments Bolster Demand

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.

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.