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A USDA meteorologist says climate models show a ridge over western North America that could sustain or expand drought across the Plains and West this summer. The outlook also calls for a hotter-than-average summer across much of the US.
Expected heat and drought in the main corn and soybean areas raise yield risk and support corn and soybean prices.
agweb.comMay 20, 2025After 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.
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.
