# Corn, Wheat Make Near Term Highs on Global Crop Concerns: Soybeans See Profit Taking - AgWeb

> Wheat futures rose to new highs on Tuesday, led by hard red winter wheat on US drought and global production concerns. Corn also firmed while soybeans traded lower. Pro Farmer's Lane Akre said the market could test the March highs as Southern Hemisphere seedings and 2027 crops are assessed.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/12287-corn-wheat-make-near-term-highs-on-global-crop-concerns-soybeans-see-profit
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Drought losses in US hard red winter wheat and expected global output declines tighten exports and support wheat prices. Corn tends to follow wheat higher, while soybeans lag in the session.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2026-04-27 | 5 | +9.3% | 2.9 | On Apr 28 HRW-led wheat hit new highs on US drought and global production concerns, driving the final days of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-07 | [Corn, soybeans higher on weather concerns - Brownfield Ag News](https://feedsoft.ai/events/70428-corn-soybeans-higher-on-weather-concerns-brownfield-ag-news.md) | -0.9% | +1.9% |
| WHEAT | 2024-05-04 | [Corn hits 3-month high; soy, wheat climb on global crop weather woes](https://feedsoft.ai/events/6453-corn-hits-3-month-high-soy-wheat-climb-on-global-crop-weather-woes.md) | +2.2% | +13.7% |
| WHEAT | 2022-01-31 | [Soybeans, corn hit 7-month highs on South American crop worry \| Financial Post](https://feedsoft.ai/events/43158-soybeans-corn-hit-7-month-highs-on-south-american-crop-worry-financial-post.md) | -1.7% | +0.5% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2021-04-26 | [Wheat price rises to highest in eight years on supply concerns \| Seeking Alpha](https://feedsoft.ai/events/47637-wheat-price-rises-to-highest-in-eight-years-on-supply-concerns-seeking-alpha.md) | +3.3% | -0.2% |
| KWHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +0.4% | +2.3% |
| KWHEAT | 2026-03-26 | [Wheat spread reaches seven-month high amid rising US crop concerns](https://feedsoft.ai/events/20226-wheat-spread-reaches-seven-month-high-amid-rising-us-crop-concerns.md) | -0.6% | +7.9% |
| KWHEAT | 2018-07-25 | [U.S. grains: Wheat near limit-up on yield concerns - Grainews](https://feedsoft.ai/events/64067-u-s-grains-wheat-near-limit-up-on-yield-concerns-grainews.md) | +9.2% | +4.9% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/corn-wheat-make-fresh-highs-global-production-concerns-soybeans-see-profi

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.