# US Plains Drought Is Worst on Record, Wheat Strongly Supported While Corn and Soybeans Await Buying Trends

> 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.

- Date: 2026-11-03 · published 2026-11-03T00:16:42.702Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/76541-us-plains-drought-is-worst-on-record-wheat-strongly-supported-while-corn-and
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | +0.4% | +2.3% |
| KWHEAT | 2018-06-19 | [Wheat feels the heat of record low US acres and drought reduced yields - High Plains Journal](https://feedsoft.ai/events/12353-wheat-feels-the-heat-of-record-low-us-acres-and-drought-reduced-yields-high.md) | -6.0% | -1.8% |
| KWHEAT | 2026-03-31 | [Wheat Prices Surge on US Drought and Planting Uncertainty](https://feedsoft.ai/events/20207-wheat-prices-surge-on-us-drought-and-planting-uncertainty.md) | -3.0% | +11.3% |
| KWHEAT | 2017-06-30 | [Wheat futures rally amid worsening drought in the Northern Plains](https://feedsoft.ai/events/6178-wheat-futures-rally-amid-worsening-drought-in-the-northern-plains.md) | +9.6% | +0.1% |
| KWHEAT | 2022-04-13 | [U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns](https://feedsoft.ai/events/41905-u-s-hard-red-winter-wheat-in-drought-adds-supply-concerns.md) | +0.1% | +2.1% |
| WHEAT | 2023-05-29 | [Corn, Soybeans and Wheat in the Grips of Drought - AgWeb](https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb.md) | -1.4% | -1.7% |
| WHEAT | 2023-08-09 | [Drought drives big drop in wheat and oat forecast amid long-term shift to corn and soybeans — Spot On South Dakota](https://feedsoft.ai/events/34647-drought-drives-big-drop-in-wheat-and-oat-forecast-amid-long-term-shift-to-corn.md) | -1.7% | -7.8% |
| WHEAT | 2018-06-19 | [Wheat feels the heat of record low US acres and drought reduced yields - High Plains Journal](https://feedsoft.ai/events/12353-wheat-feels-the-heat-of-record-low-us-acres-and-drought-reduced-yields-high.md) | -0.7% | -3.1% |

## Sources

- xtxg.cn: http://www.xtxg.cn/article/66a41999514.html

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