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Hard red winter wheat and December corn futures hit new contract highs on Wednesday, with live cattle also making new highs on record cash prices. Analysts attribute wheat's gains to drought in HRW areas, the Iran war and crude above $100, and fertilizer tightness.
Higher wheat and corn futures raise feed-ingredient costs, while record cattle prices signal tight supply. Analysts say funds are buying wheat, which adds momentum to the move.
agweb.comMichelle RookApr 29, 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.
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.
HRW contract highs on Apr 29 tied to drought, crude above $100 and fertilizer tightness, though it falls just after the window end.
