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Soft red winter and hard red winter wheat futures each fell roughly 13% in September, the worst monthly performance for SRW since June 2024, after hitting three-year highs at the start of the month. Prices began to stabilize in early October and remain more than 30% above year-ago levels amid tight domestic supplies after last year's drought.
Slow winter wheat planting from excess eastern Midwest rain and Southern Plains drought, plus Black Sea conflict, support an elevated wheat price outlook for 2027, which tends to lift feed grain alternatives and feed costs for buyers.
farmprogress.comBruce BlytheOct 8, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
After a roughly 13% September drop, prices were stabilizing in early October amid tight domestic supply, so a rebound from oversold levels is plausible.
