# Iowa farmers wary as drought deepens even with corn, soybean prices up

> Iowa farmers are cautious about selling into higher prices as drought deepens during planting. Corn for October delivery was near $6 a bushel and soybeans were around $13, roughly double recent years. Some growers said they were unsure how much they would harvest.

- Date: 2021-05-07 · published 2021-05-07T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/46944-iowa-farmers-wary-as-drought-deepens-even-with-corn-soybean-prices-up
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Uncertainty over yields under dry conditions supports corn and soybean prices, while farmer caution may slow sales and keep nearby supplies tight.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +0.3% | -5.2% |
| CORN | 2024-11-01 | [Ohio farmers see reduced yields on corn and soybeans from drought](https://feedsoft.ai/events/13138-ohio-farmers-see-reduced-yields-on-corn-and-soybeans-from-drought.md) | +2.5% | -0.2% |
| CORN | 2025-01-22 | [CBOT corn and soybean prices surge amid drought in Argentina – ProAgri Media](https://feedsoft.ai/events/11810-cbot-corn-and-soybean-prices-surge-amid-drought-in-argentina-proagri-media.md) | -0.8% | +3.8% |
| CORN | 2022-01-27 | [Corn and soybean farmers in Brazil hit by huge losses amid droughts - Fastmarkets](https://feedsoft.ai/events/13748-corn-and-soybean-farmers-in-brazil-hit-by-huge-losses-amid-droughts-fastmarkets.md) | +1.7% | +10.2% |
| CORN | 2022-02-28 | [Soybean Prices Rise as South American Drought Reduces Harvest \| Feed & Grain](https://feedsoft.ai/events/14055-soybean-prices-rise-as-south-american-drought-reduces-harvest-feed-and-grain.md) | +10.4% | +14.4% |
| SOY | 2021-06-18 | [Drought Expands in Iowa, Stressing Crops- as Soybean and Corn Prices Tumble \| Farm Policy News \| Illinois](https://feedsoft.ai/events/46422-drought-expands-in-iowa-stressing-crops-as-soybean-and-corn-prices-tumble-farm.md) | +3.1% | +9.4% |
| SOY | 2022-02-25 | [Soybean Prices Rise as Drought in South America Reduces Harvest - farmdoc daily](https://feedsoft.ai/events/42625-soybean-prices-rise-as-drought-in-south-america-reduces-harvest-farmdoc-daily.md) | +1.1% | +2.4% |
| SOY | 2016-05-12 | [Soybean prices rally as P.E.I. farmers prepare to plant](https://feedsoft.ai/events/6525-soybean-prices-rally-as-p-e-i-farmers-prepare-to-plant.md) | +0.5% | +9.9% |

## Sources

- progress-index.com: https://www.progress-index.com/story/money/agriculture/2021/05/07/corn-soybean-prices-rising-but-iowa-farmers-wary-drought-deepens/4879594001/

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