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Meteorologist Eric Snodgrass expects dry conditions to build into spring, with about 45% of US corn acres and 36% of soybean acres in drought. The western Corn Belt is the main concern, and history shows dry falls often lead to dry springs.
The U.S. Drought Monitor echoes these dry trends across the upper Midwest, West and Southwest.
Dryness across a large share of corn and soybean acres raises yield risk and supports futures, which feeds into meal and grain costs for buyers.
agweb.comFeb 21, 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.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
