Kansas Wheat Tour 2026

Presented by Heartland Investor Capital Management Inc. CTA

Kansas Wheat Tour
720 mile tour shows highly variable crop conditions across western Kansas and eastern Colorado
Visual evidence confirms widespread thin stands and early development in stressed areas
This was not a yield tour but a real world crop health assessment

Western Kansas
Large portions showing short wheat already booting or heading far too early
Dryland acres struggling badly with limited moisture and uneven stands
Cattle still grazing wheat in some areas due to stronger livestock economics than grain

Eastern Colorado
Crop is thin, patchy, and still tillering but lacks moisture support
No meaningful rain in the forecast through early May raises major concerns
Heat will accelerate deterioration quickly if moisture does not arrive

Central Kansas
Better conditions near Salina with thicker stands and more development
Some fields already well advanced pointing to an unusually early harvest
Clear divide between eastern and western production potential

Crop Conditions
Early booting and heading limits yield potential even if rain arrives later
Freeze events combined with upcoming heat add further stress risk
Northern Kansas fields in worst shape with severe thinning and damage

Market Implications
Kansas yield potential continues to decline based on field observations
Seasonal rally window remains open but begins to close after May 1
Break above 660 July Kansas City wheat could trigger move toward 7 dollars
Strategy leans toward selling rallies especially for new crop positions

Provided by:

Eugene Graner,
Heartland Investor Capitol Management, Inc., CTA
(A separate entity from Heartland Investor Services)

Past performance is not indicative of future results. The information contained in this report is intended for informational purposes only and is the opinion of the writer and may change at any time. This information was compiled from sources believed to be reliable to Heartland Investor Capital Management, Inc. but accuracy cannot be and is not guaranteed. There is no warranty, expressed or implied, in regards to this information for any particular purpose. There is SIGNIFICANT RISK of LOSS involved in trading futures and / or options on futures and may not be suitable for all investors. Investors should consider these RISKS and evaluate their suitability based on their financial conditions. No one should ever consider trading futures or options on futures with anything other than RISK CAPITAL. NO LIABILITY on the part of the author exists for any trading loss you may incur in the use of this information. The information contained in this newsletter is privileged, confidential and protected from disclosure. Any further disclosure or use, distribution, dissemination or copying of this message or any attachment is strictly prohibited. Provided by Heartland Investor Capital Management, Inc. a registered CTA with the NFA, of which Eugene Graner is principal. This entity is a separate legal entity from the Introducing Broker Heartland Investor Services.