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Wheat rallied on drought and input cost concerns, while soybeans fell on profit-taking. China did not officially buy US soybeans the previous week, and a planned US-China trade meeting may be delayed by Middle East conflict.
Corn gained on short covering and spillover from wheat.
Wheat strength reflects drought and costly inputs that limit supply and planting. Soft soybean demand from China keeps soy and meal pressured, which matters for protein costs.
brownfieldagnews.comJohn PerkinsApr 23, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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 surged on drought and input cost concerns, with spillover buying into corn, supporting momentum during the window.
