# Wheat extends gains on crop ratings, drought concerns - Brownfield Ag News

> Wheat extended gains on crop ratings and drought concerns, while soybeans were mixed and soybean oil rose on crude strength. Corn firmed on short covering and technical buying. Planting is 23% complete, the fastest start on record, and the EU is considering phasing out soybeans as a biofuel feedstock by 2030.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/19785-wheat-extends-gains-on-crop-ratings-drought-concerns-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Wheat strength on drought supports feed-grain prices, while the EU biofuel review could cut U.S. soybean and soyoil export demand over time. Fast planting is a near-term bearish factor for corn.

## Read by commodity

- SBO: neutral
- CORN: neutral
- WHEAT: bullish ▲

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/blog/market-news/wheat-extends-gains-on-crop-ratings-drought-concerns/

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