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The April 28 drought monitor showed 75.4% of the US in abnormal dryness or drought, down 1.1% from the prior week. Heavy rain fell in the mid-South and Mississippi Delta, and the NWS forecast heavy rain for the southern US with cooler temperatures east of the Rockies.
Cooler and wetter conditions reduce near-term weather stress on planting, which is generally bearish for corn and soybean prices, while southern rain helps winter wheat.
profarmer.comSpencer LangfordApr 30, 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 70 past bearish weather events, Wheat (HRW) moved a median -0.6% over 5 sessions (41% higher; middle half -3.9% to +2.5%), and -1.1% 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.
