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July HRW wheat futures broke out to fresh highs, with the July contract at $6.79 1/4, while July SRW wheat rose to $6.20 1/4. Analysts cite forecasts for hot, dry Southern Plains weather and say the chart points to further upside, while ample ending stocks may cap the rally.
Wheat is leading grains on weather-driven strength while corn and soybeans lag, which shifts relative feed costs. Ample stocks limit how far the rally can extend.
agweb.comAgWebMay 1, 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.
