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Record heat in the Central and Southern Plains is building drought and creating poor conditions for winter wheat. Warm air melted heavy snow in the Midwest, and soil temperatures are becoming suitable for planting.
Rain is also forecast for parts of Argentina and southern Brazil.
Plains wheat stress supports hard red winter wheat prices, while South American rain reduces concern about dryness in those crops.
dtnpf.comJohn BaranickMar 20, 2026After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
