Grains put in a firm session overnight. Can it survive the day sellers today?

April 27, 2026

Grain markets pushed higher overnight with the Strait of Hormuz remaining closed seeing corn, soybeans, and wheat all attracting fresh buying. Weather remains the main driver, as stress is building across several important growing regions.

The wheat market is no longer focused only on the U.S. HRW crop. Concerns are now spreading to Australia and Russia as well. China is also drawing attention, with ongoing heavy rains raising questions about grain output after similar conditions hurt last year’s corn crop during harvest.