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Drought, wildfires and high temperatures have produced one of Kansas's smallest wheat crops in 50 years. About 45% of the winter wheat crop across 18 states is in poor or very poor condition.
Some farmers expect their worst yields in decades.
Severe losses in the largest HRW state cut hard red wheat supply and support prices. Higher wheat costs could feed through to flour, cereals and feed ingredients.
cjonline.comCalen MooreJun 30, 2026After 322 past bullish weather events, KWHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
After 1,072 past bullish weather events, WHEAT moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
