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The April 14 drought monitor showed 77.6% of the US in abnormal dryness or drought, with 61% in D1 or worse. Heavy rain fell across the Upper Midwest, with some areas receiving 200-400% of normal.
Drought coverage for corn, soybeans and winter wheat acres declined.
Easing drought in the Midwest reduces weather risk to early corn and soybean planting, which tends to weigh on prices. Dryness in winter wheat areas remains a concern for HRW supply.
profarmer.comSpencer LangfordApr 16, 2026After 357 past bearish weather events, Corn moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.3%), and -0.5% over 20.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
After 29 past neutral weather events, Wheat (HRW) moved a median +0.6% over 5 sessions (52% higher; middle half -1.9% to +2.3%), 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.
