Monitoring vegetation growth utilizing the Global Navigation Satellite System-interferometric reflectometry (GNSS-IR) technology has obtained widespread attention in recent years. GNSS-IR based approaches demonstrate the advantageous characteristics of high temporal resolution while maintaining cost-effectiveness. Most existing studies generally utilize reflected signals to retrieve the plant height and vegetation water content, while few studies focus on vegetation phenology and yield. In this study, both phenology metric dates and plant height of wheat were extracted using reflected signals data from GPS and BeiDou Navigation Satellite System (BDS) in a wheat farmland, located at northeast of Henan, China. The results showed that there was reasonable consistency between the retrieval heights and in-situ measurements, with the correlation coefficient of 0.836 for GPS and 0.868 for BDS. The damping coefficient calculated by signal-to-noise ratio (SNR) presented obvious characteristics during different wheat growth stages and the trends of the damping coefficient were basically consistent with that of the normalized difference vegetation index (NDVI). When taking a lag between the leaf area index (LAI) and the damping coefficient into consideration, the correlation was greatly increased. Moreover, the phenology metrics dates extracted by the damping coefficient were close to those estimated by NDVI with errors less than 8 days. Hence, this research preliminarily proves the feasibility of obtaining the wheat phenological period by using GNSS-IR technology.