# Drought, record heat threaten US soybean crop at critical growing stage - High Plains Journal

> Prolonged drought and record heat are threatening soybean yields across key Midwest growing states during the critical pod-setting phase. Scouts found variable yields for corn and soybeans, with soybeans more exposed to heat stress at this stage. USDA data shows soybean planted acreage fell 4.6% year over year to its lowest level since 2020.

- Date: 2023-09-06 · published 2023-09-06T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13246-drought-record-heat-threaten-us-soybean-crop-at-critical-growing-stage-high
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soybean yields on top of reduced acreage tighten supply, supporting soybean and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-31 | [Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage - CoBank Site - CoBank](https://feedsoft.ai/events/13257-drought-record-heat-threaten-u-s-soybean-crop-at-critical-growing-stage-cobank.md) | -2.6% | -5.8% |
| SOY | 2023-09-04 | [Crop tour sees lower soybean estimates due to drought, record heat  \| World Grain](https://feedsoft.ai/events/13245-crop-tour-sees-lower-soybean-estimates-due-to-drought-record-heat-world-grain.md) | -0.3% | -5.8% |
| SOY | 2023-06-22 | [Central US drought intensifies, threatening grains and soy \| Reuters](https://feedsoft.ai/events/9769-central-us-drought-intensifies-threatening-grains-and-soy-reuters.md) | -4.2% | -1.3% |
| SOY | 2018-02-28 | [Prolonged drought wrecking soybean and corn crops, threatens Argentina's growth — MercoPress](https://feedsoft.ai/events/66345-prolonged-drought-wrecking-soybean-and-corn-crops-threatens-argentina-s-growth.md) | +2.6% | -1.8% |
| SOY | 2018-10-22 | [Soybean specialist gives tips for handling weather woes - High Plains Journal](https://feedsoft.ai/events/62384-soybean-specialist-gives-tips-for-handling-weather-woes-high-plains-journal.md) | -1.4% | +4.1% |
| SBO | 2023-08-31 | [Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage - CoBank Site - CoBank](https://feedsoft.ai/events/13257-drought-record-heat-threaten-u-s-soybean-crop-at-critical-growing-stage-cobank.md) | -3.3% | -9.7% |
| SBO | 2023-03-15 | [Argentine soy processing in crisis as drought threatens harvest -industry group](https://feedsoft.ai/events/13976-argentine-soy-processing-in-crisis-as-drought-threatens-harvest-industry-group.md) | +1.9% | -3.8% |
| SBO | 2023-04-24 | [Argentina Soybean Crop Smallest in 25 Years Due to Historic Drought - AgWeb](https://feedsoft.ai/events/13969-argentina-soybean-crop-smallest-in-25-years-due-to-historic-drought-agweb.md) | -1.4% | -12.4% |

## Sources

- hpj.com: https://hpj.com/2023/09/06/drought-record-heat-threaten-us-soybean-crop-at-critical-growing-stage/

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