
Drought Monitor maps from May 29 show extreme drought or worse in three of the top 18 corn-growing states: Texas, Nebraska, and North Dakota. Exceptional drought persists in west Texas, far worse than at the start of 2025.
Widespread extreme drought in major corn states raises yield risk and supports corn prices.
After 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.