# Could high temperatures, drought hammer 2022 corn, soybeans?

> Farm Press reported that high temperatures and dry weather in the Midwest could hinder crop development. NASS cut its 2022 soybean acreage forecast to 88.3 million acres from 91 million in March, a larger drop than expected, and North Dakota farmers could not plant an estimated 1.1 million acres of soybeans due to flooding.

- Date: 2022-07-25 · published 2022-07-25T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/13347-could-high-temperatures-drought-hammer-2022-corn-soybeans
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A smaller-than-expected soybean area combined with heat risk tightens supply expectations, supporting soybean and soybean meal prices.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2022-07-28 | 5 | +14.1% | 4.2 | NASS cut soybean acreage well below expectations while heat and dryness threatened crop development, tightening supply expectations. |
| SBM | 2022-07-28 | 5 | +12.5% | 3.3 | Heat and dryness in the Midwest and a larger-than-expected cut in soybean acreage tightened expected US supply. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-12-20 | [2023/24 Brazil Soybeans Encounter Extreme Temperatures](https://feedsoft.ai/events/13608-2023-24-brazil-soybeans-encounter-extreme-temperatures.md) | +0.3% | -7.6% |
| SOY | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +5.3% |
| SOY | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | +3.7% | +1.7% |
| SOY | 2022-04-25 | [Corn, soybean planting in Illinois delayed by cold temperatures and rain](https://feedsoft.ai/events/13373-corn-soybean-planting-in-illinois-delayed-by-cold-temperatures-and-rain.md) | -0.5% | -0.6% |
| SOY | 2021-07-26 | [Drought could take top end off of soybean yields](https://feedsoft.ai/events/46111-drought-could-take-top-end-off-of-soybean-yields.md) | +1.0% | -7.7% |
| SBM | 2020-11-30 | [Drought Continues to Hamper Brazil's Corn, Soybean Growing Season](https://feedsoft.ai/events/50007-drought-continues-to-hamper-brazil-s-corn-soybean-growing-season.md) | -2.4% | +4.2% |
| SBM | 2023-06-20 | [Corn, soybean futures up on fears of Corn Belt drought \| Feed Strategy](https://feedsoft.ai/events/9768-corn-soybean-futures-up-on-fears-of-corn-belt-drought-feed-strategy.md) | -0.9% | +5.9% |
| SBM | 2023-07-04 | [Drought slashes 2022/2023 soybean production by 51.5% \| Buenos Aires Times](https://feedsoft.ai/events/13960-drought-slashes-2022-2023-soybean-production-by-51-5-buenos-aires-times.md) | +0.6% | +8.5% |

## Sources

- farmprogress.com: https://www.farmprogress.com/corn/could-high-temperatures-drought-hammer-2022-corn-soybeans-

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