# Crop Watch: Producers welcome cool weather but not the dry pattern  | Reuters

> Reuters crop watch reported the 11-field unweighted average corn yield dropped to 3.34 from 3.36, and corn conditions eased to 3.45 from 3.48. Average soybean conditions were steady at 3.84 and yield rose to 3.61 from 3.57.

- Date: 2024-07-23 · published 2024-07-23T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/13166-crop-watch-producers-welcome-cool-weather-but-not-the-dry-pattern-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Slightly weaker corn ratings and yield estimates modestly support feed grain prices, while steady soybean conditions leave soymeal largely unchanged.

## Read by commodity

- SOY: neutral
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-07-27 | [Crop futures higher Thurs. on dry weather \| The Western Producer](https://feedsoft.ai/events/70067-crop-futures-higher-thurs-on-dry-weather-the-western-producer.md) | -1.3% | -7.0% |
| CORN | 2024-11-05 | [Crop Watch: Low prices, weather headline producers' concerns for 2025](https://feedsoft.ai/events/13134-crop-watch-low-prices-weather-headline-producers-concerns-for-2025.md) | +1.8% | -1.5% |
| CORN | 2021-09-02 | [Exports to drop as crop shrinks \| The Western Producer](https://feedsoft.ai/events/45047-exports-to-drop-as-crop-shrinks-the-western-producer.md) | -3.0% | -5.5% |
| CORN | 2024-05-29 | [‘Weather market’ resumes role as price driver \| The Western Producer](https://feedsoft.ai/events/30283-weather-market-resumes-role-as-price-driver-the-western-producer.md) | -4.5% | -5.1% |
| CORN | 2024-06-25 | [Crop Watch: Corn ratings slide after hot, dry week in the east](https://feedsoft.ai/events/13174-crop-watch-corn-ratings-slide-after-hot-dry-week-in-the-east.md) | -4.9% | -2.5% |
| SOY | 2023-06-21 | [Dry weather conditions in early summer worsen crop prospects in the EU](https://feedsoft.ai/events/35430-dry-weather-conditions-in-early-summer-worsen-crop-prospects-in-the-eu.md) | +1.2% | +1.0% |
| SOY | 2017-04-25 | [First-crop harvest nearly complete in Brazil, progressing in Argentina thanks to dry weather](https://feedsoft.ai/events/71351-first-crop-harvest-nearly-complete-in-brazil-progressing-in-argentina-thanks-to.md) | -0.2% | -0.5% |
| SOY | 2018-11-12 | [Weather pivotal in 2018 crop production - Brownfield Ag News](https://feedsoft.ai/events/61891-weather-pivotal-in-2018-crop-production-brownfield-ag-news.md) | +1.9% | +4.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/crop-watch-producers-welcome-cool-weather-not-dry-pattern-2024-07-23/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.