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Wheat futures rose 25 to 30 cents, with hard red winter and hard red spring wheat hitting new contract highs. Dry US Plains conditions and tight global fertilizer supplies were cited as drivers, and corn was also higher.
Dryness in key wheat areas and possible acreage cuts abroad tighten world wheat supplies, and corn tends to follow wheat higher.
agweb.comMichelle RookApr 28, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
Wheat jumped 25-30 cents on Apr 28 with HRW at contract highs on dry Plains and tight fertilizer supplies.
