# Corn, soybean drought footprint almost gone - Pro Farmer

> As of May 28, the Drought Monitor showed 26% of the U.S. under abnormal dryness or drought, down one point from the prior week. USDA estimated drought covered 5% of corn production areas and 3% of soybean areas, down five and four points respectively.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/13181-corn-soybean-drought-footprint-almost-gone-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Shrinking drought footprints on cropland reduce weather risk premium in corn and soybeans, a mildly bearish signal for feed grain and meal prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-26 | [Corn, soybean drought footprint continues to dwindle - Pro Farmer](https://feedsoft.ai/events/13077-corn-soybean-drought-footprint-continues-to-dwindle-pro-farmer.md) | +4.6% | -1.5% |
| CORN | 2025-07-31 | [Corn and Soybean Drought Conditions improve - Pro Farmer](https://feedsoft.ai/events/13070-corn-and-soybean-drought-conditions-improve-pro-farmer.md) | -2.0% | -1.7% |
| CORN | 2026-04-16 | [Upper Midwest sees significant drought removal - Pro Farmer](https://feedsoft.ai/events/12999-upper-midwest-sees-significant-drought-removal-pro-farmer.md) | +0.6% | +3.9% |
| CORN | 2026-04-30 | [Rains in the southern U.S. lead to mild drought improvement - Pro Farmer](https://feedsoft.ai/events/13001-rains-in-the-southern-u-s-lead-to-mild-drought-improvement-pro-farmer.md) | -1.6% | -0.5% |
| CORN | 2018-06-15 | [Illinois Corn and Soybeans in Good Shape So Far](https://feedsoft.ai/events/64383-illinois-corn-and-soybeans-in-good-shape-so-far.md) | -1.3% | -6.2% |
| SOY | 2025-06-26 | [Corn, soybean drought footprint continues to dwindle - Pro Farmer](https://feedsoft.ai/events/13077-corn-soybean-drought-footprint-continues-to-dwindle-pro-farmer.md) | +2.5% | -2.0% |
| SOY | 2025-07-31 | [Corn and Soybean Drought Conditions improve - Pro Farmer](https://feedsoft.ai/events/13070-corn-and-soybean-drought-conditions-improve-pro-farmer.md) | -0.6% | +6.1% |
| SOY | 2022-09-22 | [Argentine Farmers Plant More Soybeans to Fight Drought, Fertilizer Costs](https://feedsoft.ai/events/14009-argentine-farmers-plant-more-soybeans-to-fight-drought-fertilizer-costs.md) | -3.6% | -6.1% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/corn-soybean-drought-footprint-almost-gone

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