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The USDA Drought Status Update flagged historic May dryness across the northern Corn Belt, with some areas receiving no more than 50% of normal precipitation. The NOAA seasonal outlook calls for widespread drought development in northern states through September.
Expanding drought in the northern Corn Belt raises yield risk for corn and soybeans, supporting prices if dryness persists through the summer.
dtnpf.comBryce AndersonJun 23, 2026After 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.
After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% 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.
