04/27/2026 Corn, SRW Wheat Take the Reins

04/27/2026 Click Above to Watch the Morning Market Talk Video Corn, SRW Wheat Take the Reins On the Grains Grain and soy complex futures traded mostly higher overnight, led by corn and SRW wheat futures, with July contracts rising to their highest levels since early April. HRW wheat struggled to find sustained buying. Soybeans followed to the upside, while holding within the extended sideways trading range. Corn and SRW wheat taking the upside lead from HRW wheat would be supportive. The strongest and most lasting rallies typically feature rotational leadership. With the calendar flipping to May late this week, traders have a greater weather focus. But geopolitics also continue to grab attention, with strength in crude oil providing support for ag markets overnight. Dry areas of the Plains received little to no rainfall over the weekend. Some rains are forecast over the next week, but they will favor areas east of the driest locations, keeping moisture stress on much of the HRW wheat crop. Brazil’s safrinha corn area is also garnering market attention. Early maturing safrinha corn is developing favorably, though the bulk of the crop is in need of rains, with none in the seven-day forecast and the longer-term…