# Rainfall forecasts for US Corn Belt remain tough to nail down

> Cooler, wetter July weather has spared U.S. summer crops from widespread disaster after a very dry start, but several Corn Belt areas are drying out again during a heat wave. Forecasts for August rainfall, which is critical for soybean yields, show no clear trend.

- Date: 2023-07-27 · published 2023-07-27T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13261-rainfall-forecasts-for-us-corn-belt-remain-tough-to-nail-down
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Uncertain August rainfall keeps traders reacting to each weather model run, so prices may swing on forecast changes rather than a clear direction.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2023-08-03 | 5 | -11.7% | -4.5 | Cooler, wetter July weather spared US crops from widespread disaster, reducing the weather premium and supporting the drop in corn prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-07-31 | [Heavy Rain for Corn Belt This Weekend, More Needed](https://feedsoft.ai/events/12979-heavy-rain-for-corn-belt-this-weekend-more-needed.md) | -1.6% | +9.4% |
| CORN | 2021-10-07 | [Corn Belt Frost Remains Unlikely, U.S. Drought Monitor Report](https://feedsoft.ai/events/44383-corn-belt-frost-remains-unlikely-u-s-drought-monitor-report.md) | -2.7% | +6.7% |
| CORN | 2019-06-27 | [The Big Unknown in Corn Yield Forecasts \| CropWatch \| Nebraska](https://feedsoft.ai/events/58455-the-big-unknown-in-corn-yield-forecasts-cropwatch-nebraska.md) | -2.5% | -4.4% |
| CORN | 2022-02-18 | [Drought lingers over Corn Belt](https://feedsoft.ai/events/13386-drought-lingers-over-corn-belt.md) | +5.8% | +16.7% |
| CORN | 2024-06-13 | [La Nina weather 65% likely to develop in July-Sept, says US forecaster \| Reuters](https://feedsoft.ai/events/29658-la-nina-weather-65-likely-to-develop-in-july-sept-says-us-forecaster-reuters.md) | -2.1% | -8.8% |
| SOY | 2026-07-31 | [Heavy Rain for Corn Belt This Weekend, More Needed](https://feedsoft.ai/events/12979-heavy-rain-for-corn-belt-this-weekend-more-needed.md) | -1.7% | +6.7% |
| SOY | 2018-06-26 | [Brazil's second corn crop lower, but export forecast remains at 28m tons — MercoPress](https://feedsoft.ai/events/64369-brazil-s-second-corn-crop-lower-but-export-forecast-remains-at-28m-tons.md) | -3.0% | -1.9% |
| SOY | 2017-05-20 | [GRAIN MARKETS: Cold and wet forecast for Midwest lifts corn](https://feedsoft.ai/events/10219-grain-markets-cold-and-wet-forecast-for-midwest-lifts-corn.md) | -2.8% | -1.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/rainfall-forecasts-us-corn-belt-remain-tough-nail-down-2023-07-27/

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