# Wheat Hits New Highs: Why Corn and Beans Could Not Follow

> 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.

- Date: 2026-05-01 · published 2026-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/19783-wheat-hits-new-highs-why-corn-and-beans-could-not-follow
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

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

## Sources

- agweb.com: https://www.agweb.com/markets/market-analysis/wheat-hits-new-highs-why-corn-and-beans-could-not-follow

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