
Dry, hot conditions have left topsoil short to very short across much of the US Plains, with 66% of Kansas topsoil in that category as of late August. Planting of hard red winter wheat for 2027 is just starting, and growers are weighing whether higher prices will justify more wheat acres.
Persistent dryness raises concern about the next US hard red winter crop, and higher prices could shift acreage toward wheat, which would affect supply later in the year.
After 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.
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.