Archive · 8 Jan 2026
Wheat futures rise on US crop concerns
Wheat prices went up because people are worried about crops in the U.S. due to dry weather.
Corn and soybean prices also increased.
The U.S. sold a lot of soybeans to China, which helped soybean prices.
The U.S. Department of Agriculture is going to give more information about crops soon.
Traders think the USDA might say that corn yields were lower because of dry weather last year.
Even though dry weather now doesn't affect crop yields, it made traders nervous.
Prices went up after dropping the day before.
Wheat futures reached a one-week high due to concerns about dry weather affecting U.S. winter wheat crops in the Plains states.
Corn and soybean futures also rose, with soybeans benefiting from recent sales to China.
The USDA is scheduled to release key crop data on Monday, which may include a trimmed corn yield estimate due to last year's dry weather.
Most-active CBOT wheat futures were up 8-1/4 cents at $5.18-3/4 per bushel, while K.C. March wheat futures were up 9-3/4 cents at $5.31-1/4 per bushel.
The USDA confirmed sales of 336,000 metric tons of U.S. soybeans to China, with Chinese state stockpiler Sinograin buying about 600,000 tons this week.
- Who
- Traders and analysts
- What
- Wheat, corn, and soybean futures prices rose
- When
- Wednesday
- Where
- Chicago Board of Trade (CBOT)
- Why
- Dry weather in the U.S. Plains raised concerns about crop conditions, and recent soybean sales to China boosted prices
- Wheat futures price
- $5.18-3/4 per bushel
- Corn futures price
- $4.46-3/4 per bushel
- Soybean futures price
- $10.67-1/4 per bushel
- USDA soybean sales to China
- 336,000 metric tons
- Sinograin soybean purchases
- 600,000 tons