# Is $5 Corn a Reality as Wheat Pushes Above $7? Why Soybeans Didn't Follow Tuesday - AgWeb

> 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.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/19744-is-5-corn-a-reality-as-wheat-pushes-above-7-why-soybeans-didn-t-follow-tuesday
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Dryness in key wheat areas and possible acreage cuts abroad tighten world wheat supplies, and corn tends to follow wheat higher.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2026-04-27 | 5 | +9.3% | 2.9 | Wheat jumped 25-30 cents on Apr 28 with HRW at contract highs on dry Plains and tight fertilizer supplies. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +0.6% | +1.4% |
| WHEAT | 2023-06-15 | [Drought Concerns Grow as 57% of Corn, 51% of Soybeans in the U.S. Now Considered to Be in Drought - AgWeb](https://feedsoft.ai/events/35551-drought-concerns-grow-as-57-of-corn-51-of-soybeans-in-the-u-s-now-considered-to.md) | +4.2% | +0.3% |
| WHEAT | 2020-10-06 | [Dry weather pushes CBOT wheat, soybeans to multi-year peaks \| Financial Post](https://feedsoft.ai/events/11636-dry-weather-pushes-cbot-wheat-soybeans-to-multi-year-peaks-financial-post.md) | +0.6% | +0.1% |
| WHEAT | 2026-03-06 | [Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News](https://feedsoft.ai/events/9854-soybeans-corn-wheat-see-more-support-from-drop-in-the-dollar-brownfield-ag-news.md) | +0.8% | +0.1% |
| CORN | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -4.6% | -4.0% |
| CORN | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +1.0% | -1.0% |
| CORN | 2023-11-21 | [Soybeans, corn, wheat close in positive territory - Brownfield Ag News](https://feedsoft.ai/events/12253-soybeans-corn-wheat-close-in-positive-territory-brownfield-ag-news.md) | -3.2% | -0.5% |

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/5-corn-reality-wheat-pushes-above-7-why-soybeans-arent-following

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.