# Drought Status Update for the Midwest U.S. | June 23, 2023 | Drought.gov

> The Drought Monitor shows 58% of the Midwest in moderate to extreme drought, up from 8% five weeks earlier. Topsoil moisture in Illinois is rated short to very short at levels worse than 2012 at this time of year.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/13269-drought-status-update-for-the-midwest-u-s-june-23-2023-drought-gov
- 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

Rapid drought intensification across the Midwest raises the risk of yield losses in corn and soybeans, supporting feed grain and meal prices. Buyers should expect firmer feed costs if dryness persists into key growth stages.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-21 | [Drought Status Update for the Midwest U.S. \| July 21, 2022 \| Drought.gov](https://feedsoft.ai/events/13342-drought-status-update-for-the-midwest-u-s-july-21-2022-drought-gov.md) | -5.2% | -0.3% |
| CORN | 2023-08-25 | [Drought Status Update for the Midwest U.S. \| August 25, 2023 \| Drought.gov](https://feedsoft.ai/events/13253-drought-status-update-for-the-midwest-u-s-august-25-2023-drought-gov.md) | -2.2% | -9.0% |
| CORN | 2023-12-07 | [Drought Status Update for the Midwest \| December 7, 2023 \| Drought.gov](https://feedsoft.ai/events/13220-drought-status-update-for-the-midwest-december-7-2023-drought-gov.md) | -2.3% | +0.0% |
| CORN | 2025-03-06 | [Drought Status Update for the Midwest \| March 6, 2025 \| Drought.gov](https://feedsoft.ai/events/13101-drought-status-update-for-the-midwest-march-6-2025-drought-gov.md) | +1.8% | +4.8% |
| CORN | 2022-09-02 | [Drought Status Update for the Midwest U.S. \| September 2, 2022 \| Drought.gov](https://feedsoft.ai/events/13327-drought-status-update-for-the-midwest-u-s-september-2-2022-drought-gov.md) | -0.6% | -1.6% |
| SOY | 2022-07-21 | [Drought Status Update for the Midwest U.S. \| July 21, 2022 \| Drought.gov](https://feedsoft.ai/events/13342-drought-status-update-for-the-midwest-u-s-july-21-2022-drought-gov.md) | +9.0% | +1.8% |
| SOY | 2023-08-25 | [Drought Status Update for the Midwest U.S. \| August 25, 2023 \| Drought.gov](https://feedsoft.ai/events/13253-drought-status-update-for-the-midwest-u-s-august-25-2023-drought-gov.md) | -0.4% | -5.1% |
| SOY | 2023-12-07 | [Drought Status Update for the Midwest \| December 7, 2023 \| Drought.gov](https://feedsoft.ai/events/13220-drought-status-update-for-the-midwest-december-7-2023-drought-gov.md) | +0.9% | -3.5% |

## Sources

- drought.gov: https://www.drought.gov/drought-status-updates/drought-status-update-midwest-us-2023-06-23

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