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NOAA's Climate Prediction Center projects drought in the Western Corn Belt to persist or worsen through June 30, with 53% of US corn area affected, the highest share in five years. The affected region produced 6.6 billion bushels of corn in 2024, or 44% of the US crop.
Drought covering over half of US corn area through June raises the likelihood of reduced yields and tighter feed grain supplies, supporting corn and soybean prices.
proag.comMar 28, 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.
Not enough comparable past events yet for a historical read.
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.
