# Corn, Soybeans and Wheat in the Grips of Drought - AgWeb

> AgWeb reports that the U.S. Drought Monitor shows 26% of corn acres, 20% of soybean acres and 47% of winter wheat acres in drought as of late May 2023. USDA meteorologist Brad Rippey says much of the Midwest has been dry for one to three months, and Chicago is on track for its second-driest May on record.

- Date: 2023-05-29 · published 2023-05-29T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13276-corn-soybeans-and-wheat-in-the-grips-of-drought-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Widespread drought across major crop acreage raises supply risk and supports prices for corn, soybeans and wheat, with winter wheat losses being the most likely to hold.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-06-15 | [Drought Concerns Grow as 57% of Corn, 51% of Soybeans in the U.S. Now Considered to Be in Drought - AgWeb](https://feedsoft.ai/events/35551-drought-concerns-grow-as-57-of-corn-51-of-soybeans-in-the-u-s-now-considered-to.md) | +4.8% | -4.3% |
| CORN | 2025-01-29 | [Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb](https://feedsoft.ai/events/6895-will-the-bull-market-in-corn-continue-to-pull-up-soybeans-and-wheat-agweb.md) | +1.0% | -1.0% |
| CORN | 2026-02-11 | [Lack of rain pressures corn and soybeans in the South](https://feedsoft.ai/events/13451-lack-of-rain-pressures-corn-and-soybeans-in-the-south.md) | -0.5% | +1.7% |
| CORN | 2026-03-06 | [Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News](https://feedsoft.ai/events/9854-soybeans-corn-wheat-see-more-support-from-drop-in-the-dollar-brownfield-ag-news.md) | +1.2% | +2.2% |
| CORN | 2021-04-13 | [Drought in Plains a Concern for U.S. Corn and Soy Crops](https://feedsoft.ai/events/47437-drought-in-plains-a-concern-for-u-s-corn-and-soy-crops.md) | +1.5% | +23.9% |
| SOY | 2023-06-15 | [Drought Concerns Grow as 57% of Corn, 51% of Soybeans in the U.S. Now Considered to Be in Drought - AgWeb](https://feedsoft.ai/events/35551-drought-concerns-grow-as-57-of-corn-51-of-soybeans-in-the-u-s-now-considered-to.md) | +8.1% | +7.7% |
| SOY | 2026-02-11 | [Lack of rain pressures corn and soybeans in the South](https://feedsoft.ai/events/13451-lack-of-rain-pressures-corn-and-soybeans-in-the-south.md) | +1.0% | +6.9% |
| SOY | 2026-03-06 | [Soybeans, corn, wheat see more support from drop in the dollar - Brownfield Ag News](https://feedsoft.ai/events/9854-soybeans-corn-wheat-see-more-support-from-drop-in-the-dollar-brownfield-ag-news.md) | +4.2% | -0.0% |

## Sources

- agweb.com: https://www.agweb.com/news/crops/crop-production/corn-soybeans-and-wheat-grips-drought

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