
The weekly U.S. Drought Monitor showed a mix of improvements and degradations, with dry weather across most of the central and eastern U.S. Degradation occurred in parts of Nebraska, Montana, the western Great Lakes, and several southern states, while the West saw heavy rain and snow. Temperatures swung sharply in the Midwest.
Dryness in the central and southern Plains and parts of the Midwest can affect winter wheat and next year's planting moisture, but the effect on current feed prices is small.
After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), 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.