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Wheat reached about $6.10 per bushel in late March, near its highest since October 2024, as dryness across the US Plains and poor Kansas crop ratings weighed on yields. Traders also awaited the USDA planting report, and higher fertilizer and fuel costs were cited as factors.
Persistent Plains dryness and rising input costs support wheat prices and may reduce spring wheat plantings, tightening feed-grain supply alternatives.
tradingeconomics.comJoana FerreiraMar 31, 2026After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% over 20.
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.
Plains dryness, poor Kansas crop ratings and higher fertilizer and fuel costs lifted wheat toward $6.10, setting up the rally that extended into the 5-day window.
