Drought Concerns Grow as 57% of Corn, 51% of Soybeans in the U.S. Now Considered to Be in Drought

After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.

• May 29, 2023Corn, Soybeans and Wheat in the Grips of Drought - AgWeb-4.6%
• Apr 13, 2021Drought in Plains a Concern for U.S. Corn and Soy Crops+1.5%
• Jun 20, 2022Hot and dry conditions increasing drought concerns in the Corn Belt-3.7%
• Jan 29, 2025Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb+1.0%
• Nov 30, 2020Drought Continues to Hamper Brazil's Corn, Soybean Growing Season-1.5%

After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• May 29, 2023Corn, Soybeans and Wheat in the Grips of Drought - AgWeb+1.0%
• Apr 13, 2021Drought in Plains a Concern for U.S. Corn and Soy Crops+4.9%
• Jun 20, 2022Hot and dry conditions increasing drought concerns in the Corn Belt-4.2%
• Nov 30, 2020Drought Continues to Hamper Brazil's Corn, Soybean Growing Season-2.4%
• May 22, 2023DROUGHT CONCERNS RALLY CORN & BEANS — Market Minute+2.3%

Not enough comparable past events yet for a historical read.

After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.

• May 29, 2023Corn, Soybeans and Wheat in the Grips of Drought - AgWeb-1.4%
• Jan 29, 2025Will the Bull Market in Corn Continue to Pull Up Soybeans and Wheat? - AgWeb+0.6%
• Jun 7, 2017Corn, soybeans higher on weather concerns - Brownfield Ag News-0.9%
• Apr 13, 2022U.S. Hard Red Winter Wheat in Drought Adds Supply Concerns-0.5%
• Jul 14, 2017Soybeans, corn supported by renewed weather concerns - Brownfield Ag News-0.8%