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The February 10 US Drought Monitor showed 72.6% of the country in abnormal dryness or drought, up 2.1 points in a week. Drought covered 31% of corn acres, 37% of soybean acres and 45% of winter wheat acres.
Snowpack was near historic lows.
Expanding drought over winter wheat and row-crop acreage raises early concern for the 2026 crop, which can support feed grain and wheat prices. Impact depends on spring rainfall.
profarmer.comSpencer LangfordFeb 12, 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 322 past bullish weather events, Wheat (HRW) moved a median -0.1% over 5 sessions (49% higher; middle half -2.5% to +3.2%), and +1.0% 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.
