
DTN meteorologist John Baranick warned on May 29 that a developing dry pattern across the Midwest and Southeast could cut soil moisture through mid-June. Recent storms had brought heavy rain to parts of the Southeast and southern Midwest, easing drought.
Models now show warmer, drier conditions during a critical crop development stage.
Renewed dryness during early corn and soybean development raises yield risk and could firm corn and soybean prices if forecasts verify.
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.