# Drought hits the Midwest, threatening crops and the world’s food supply • Missouri Independent

> Midwest drought has stunted corn, soybean and wheat crops and forced water conservation in towns such as Storm Lake, Iowa. Missouri's governor declared a drought alert for affected counties. Low waterway levels could restrict barge transport.

- Date: 2023-06-24 · published 2023-06-24T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/35662-drought-hits-the-midwest-threatening-crops-and-the-world-s-food-supply-missouri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Yield losses in the Corn Belt and possible barge restrictions tighten supply of corn, soybeans and meal, supporting prices for animal feed ingredients.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- BARGE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-10-29 | [Midwestern Drought Threatens Crops, Food Prices](https://feedsoft.ai/events/56414-midwestern-drought-threatens-crops-food-prices.md) | +2.7% | +1.1% |
| CORN | 2026-09-10 | [Midwest Drought Expands: Heat Wave Threatens Crops \| Feed & Grain](https://feedsoft.ai/events/12963-midwest-drought-expands-heat-wave-threatens-crops-feed-and-grain.md) | +4.3% | +1.1% |
| CORN | 2026-01-29 | [Heat wave hits Argentina, threatening corn and soybean crops](https://feedsoft.ai/events/13817-heat-wave-hits-argentina-threatening-corn-and-soybean-crops.md) | -0.3% | -0.1% |
| CORN | 2022-10-25 | [Drought Status Update for the Midwest and Missouri River Basin \| October 25, 2022 \| Drought.gov](https://feedsoft.ai/events/13319-drought-status-update-for-the-midwest-and-missouri-river-basin-october-25-2022.md) | -1.4% | -2.7% |
| CORN | 2023-05-25 | [Drought Early Warning Update for the Midwest U.S. \| May 25, 2023 \| Drought.gov](https://feedsoft.ai/events/13275-drought-early-warning-update-for-the-midwest-u-s-may-25-2023-drought-gov.md) | -4.4% | +1.4% |
| SOY | 2026-09-10 | [Midwest Drought Expands: Heat Wave Threatens Crops \| Feed & Grain](https://feedsoft.ai/events/12963-midwest-drought-expands-heat-wave-threatens-crops-feed-and-grain.md) | +1.9% | +0.2% |
| SOY | 2026-01-29 | [Heat wave hits Argentina, threatening corn and soybean crops](https://feedsoft.ai/events/13817-heat-wave-hits-argentina-threatening-corn-and-soybean-crops.md) | +1.6% | +6.8% |
| SOY | 2023-05-25 | [Drought Early Warning Update for the Midwest U.S. \| May 25, 2023 \| Drought.gov](https://feedsoft.ai/events/13275-drought-early-warning-update-for-the-midwest-u-s-may-25-2023-drought-gov.md) | +0.4% | +12.8% |

## Sources

- missouriindependent.com: https://missouriindependent.com/2023/06/24/drought-hits-the-midwest-threatening-crops-and-the-worlds-food-supply/

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