KC wheat stalls overnight on renewed forecast of rain after May 1.

April 24, 2026

This morning’s market has Kansas City relaxing from yesterday’s breakout price of a congestive range, bolting through 660 by $0.26 before retreating overnight, as rains continue to propagate the weather models for the dry areas of the HRW wheat belt after May 1. This coming Monday’s HRW wheat crop ratings (which reports are filled out this afternoon) will show another sharp drop in ratings, especially for Kansas, as the freeze damage will have revealed itself due to the heat that occurred directly afterward. Production has been lost, and upcoming rains will only stabilize prospects in northern Kansas, while prospects in eastern Colorado can improve. If these rains scheduled for May 1 and afterward do not materialize in the Sunday night forecasts, a more extended move to the upside at $ 7.00 on Kansas City wheat and higher will be renewed.