Monitoring wheat biophysical variables during the growing season is essential for achieving precision agriculture's important goals. This study estimated plant height, leaf development stage, leaf area index, dry matter, and plant nitrogen content in wheat from Landsat-7 images in North Iran using machine learning algorithms. Forty points were selected from ten wheat fields (270 ha), and the agronomic parameters were recorded during the 2011–2012 growing season. The machine learning models applied in this study were Artificial Neural Network (ANN), Support Vector Machine (SVM), and Deep Neural Network (DNN). Results suggest that the DNN model was the best for predicting all the parameters, except for the nitrogen percentage, in which SVM and DNN have the same accuracy. The DNN model R2 was 0.82, 0.95, 0.95, and 0.90 RMSE (Root Mean Square Error) 9.61, 0.46, 0.47 and 1.2 and MAE (Mean Absolute Error) 26.4, 0.34, 0.28, and 0.84 for estimating plant height, leaf area index, leaf development stage and dry matter biomass, respectively. The DNN and SVM algorithms can effectively predict plant nitrogen percentage with identical R2, RMSE, and MAE values of 0.83–0.84, 0.44–0.46, and 0.33–0.36, respectively. These results show that machine learning models have great potential to provide timely and accurate data for better wheat management under field conditions from satellite imagery.