
A climatologist says the western and northwestern Corn Belt could see some of the largest drought impacts this season, including parts of the Dakotas, Minnesota, Wisconsin, Iowa and Nebraska. The Drought Monitor shows exceptional drought in Nebraska and Colorado, and 45% of the Midwest region is dry.
Exceptional drought in key corn and soybean states, especially Nebraska, threatens late-season yields and supports corn and soybean prices.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.