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The U.S. Drought Monitor for July 29 shows 45% of the country in some level of abnormal dryness or drought, down slightly from the prior week. Drought exposure on corn acres fell to 7% and on soybean acres to 5%, with favorable Midwest forecasts expected to shrink drought further.
Less acreage under drought stress lowers the weather premium in corn and soybeans, supporting bearish price pressure.
profarmer.comPro Farmer EditorsJul 31, 2025After 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.
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.
