# Crop Price Index Hits Highest Since November 2023 | Farm Policy News | Illinois

> The Bloomberg Agriculture Spot Index climbed for a third straight month to its highest level since November 2023. The Strait of Hormuz closure and extreme weather drove the rise, with Chicago wheat up 11% since the war began and corn at its highest in a year.

- Date: 2026-04-29 · published 2026-04-29T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/19748-crop-price-index-hits-highest-since-november-2023-farm-policy-news-illinois
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Fertilizer cost pressure combined with drought in the US Plains and weather risks in Australia and Russia supports wheat and corn prices and raises food inflation risk.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-09-18 | [Black Sea, EU Wheat Facing Weather Challenges \| Farm Policy News \| Illinois](https://feedsoft.ai/events/28265-black-sea-eu-wheat-facing-weather-challenges-farm-policy-news-illinois.md) | +11.0% | +5.4% |
| WHEAT | 2023-03-09 | [Higher soya price halts drop in poultry feed costs - Poultry Network](https://feedsoft.ai/events/36945-higher-soya-price-halts-drop-in-poultry-feed-costs-poultry-network.md) | -0.2% | -4.6% |
| WHEAT | 2024-05-14 | [Wheat market hits highest levels since July on weather concerns \| Farm Online \| ACT](https://feedsoft.ai/events/10913-wheat-market-hits-highest-levels-since-july-on-weather-concerns-farm-online-act.md) | +18.9% | +7.8% |
| WHEAT | 2019-10-11 | [Analysts predicting lowest crop since 06-07 \| Farm Online \| ACT](https://feedsoft.ai/events/56537-analysts-predicting-lowest-crop-since-06-07-farm-online-act.md) | +4.8% | +2.1% |
| WHEAT | 2023-06-23 | [US Corn Crop Withers to Worst Conditions Since 1992, Driving Prices Higher](https://feedsoft.ai/events/9765-us-corn-crop-withers-to-worst-conditions-since-1992-driving-prices-higher.md) | +7.4% | -1.1% |
| CORN | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +0.3% | -5.2% |
| CORN | 2019-11-01 | [November 2019 – Illinois State Climatologist](https://feedsoft.ai/events/55893-november-2019-illinois-state-climatologist.md) | +0.4% | +0.3% |
| CORN | 2026-06-19 | [Illinois Crop Update \| June 19, 2026 - farmdoc](https://feedsoft.ai/events/12988-illinois-crop-update-june-19-2026-farmdoc.md) | -0.8% | +1.9% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2026/04/crop-price-index-hits-highest-since-november-2023/

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