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USDA data show only 27% of U.S. winter wheat is rated good to excellent, down one point on the week and the lowest for this date since 1996. Chicago July HRW wheat rose about 1 cent to around $6.65 per bushel on drought supply concerns, while corn eased and soybeans traded sideways.
Severe Plains drought cuts the U.S. hard red winter wheat crop and supports wheat prices, which can raise feed wheat costs for buyers. Corn and soybeans depend more on export purchases than on this drought.
xtxg.cnNov 3, 2026After 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.
After 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.
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.
