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Farmers bring in bountiful wheat crop

Hot, dry conditions have caused challenges for other crops across the Midwest this summer, but many farmers raised a generally good wheat crop. USDA numbers show it was the largest soft red winter wheat crop in nine years.

John Howell farms in Monroe County, Illinois, near St. Louis, and serves as vice president of the Illinois Wheat Growers Association. He says it was a very good year for wheat in his area.

“Generally speaking, for myself and a lot of people that I know, really good wheat yields,” he says. “Some people had record yields. Quality and grain test weight were good as well.”

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???? Wheat surges on drought: Prices jumped to multi-week highs as worsening dryness grips the Plains, with 70% of winter wheat in drought. Corn edged higher, while soybeans slipped.

??????? Mixed weather pattern: Rain improved parts of the Corn Belt, but drought worsened elsewhere—especially the High Plains and Kentucky. Nebraska conditions sharply deteriorated, with 56% in extreme drought.

????? Oil spikes on tensions: Crude climbed over 3% near $96 as Iran keeps the Strait of Hormuz restricted, while fragile ceasefires keep geopolitical risk elevated. ???? Pulses gain favor: Farmers are shifting to peas and lentils as a rare profit opportunity, driven by strong protein demand and lower input costs.

???? Exports mixed but solid: Corn sales dipped week-over-week but remain strong overall; soybean and wheat sales showed mixed trends, with steady global demand.