04/24/2026 Take Advantage of Speculative Wheat Surge

04/24/2026 Click Above to Watch the Morning Market Talk Video Take Advantage of Speculative Wheat Surge On the Grains SRW futures paced buying in wheat markets overnight instead of HRW. That’s a potentially key shift that bears watching since SRW draws more speculative interest. It may not be more than a modest spread correction, but it could signal stronger speculative money flow into the market. As of April 14 (latest data), SRW was the only wheat market managed money wasn’t net long. Wheat futures are poised for their second straight strong weekly gain, with HRW up around 80 cents during that period, rallying to the highest level since June 2024 on the continuation chart amid crop concerns. Corn is also in line for a second straight strong weekly gain, following wheat higher. Soybeans are higher this morning but lower for the week, while remaining in the five-week sideways trading range. USDA estimated 70% of the U.S. winter wheat crop was impacted by drought as of April 21, including virtually all of HRW production areas. While the drought footprint is spreading, it isn’t something new… it has been “known” for months. But major media is starting to pick up on it,…