
The latest U.S. Drought Monitor shows a split Corn Belt, with severe drought across the western reaches and surplus moisture and waterlogged soils in the east. Central Iowa is reported in good condition, while the northwest corner of Iowa is becoming dry.
Mixed regional conditions leave overall Corn Belt yield risk balanced, with western dryness a modest upside risk for corn and soybean prices if it persists into key development stages.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% 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.