# Low rainfall in US Midwest drives corn prices higher

> Corn futures rose as low rainfall in the US Midwest through August and sweltering heat worsened crop conditions, according to USDA data. The benchmark was up almost 4% on the week at $3.39 1/4 a bushel and about 9% over two weeks, following earlier storm damage in Iowa.

- Date: 2020-08-26 · published 2020-08-26T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/51639-low-rainfall-in-us-midwest-drives-corn-prices-higher
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Dry weather during grain fill threatens yields in the key US corn belt, tightening supply and supporting feed corn prices for buyers. Hurricane-driven rain is the main hope for relief, so price risk stays upward while dryness persists.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-06-09 | [DDG Prices Driven Higher by Rise in Corn Futures](https://feedsoft.ai/events/70594-ddg-prices-driven-higher-by-rise-in-corn-futures.md) | -1.0% | +0.3% |
| CORN | 2022-06-27 | [High Heat Might Push Corn Prices Even Higher](https://feedsoft.ai/events/40956-high-heat-might-push-corn-prices-even-higher.md) | +1.8% | -12.0% |
| CORN | 2019-10-29 | [Falling Corn Surplus Could Mean Higher Food Prices](https://feedsoft.ai/events/56588-falling-corn-surplus-could-mean-higher-food-prices.md) | +2.7% | +1.1% |
| CORN | 2026-02-01 | [Hot dry spells and extreme rain increased corn and soybean prices in the United States Midwest](https://feedsoft.ai/events/13022-hot-dry-spells-and-extreme-rain-increased-corn-and-soybean-prices-in-the-united.md) | +0.2% | +1.9% |
| CORN | 2023-06-23 | [US Corn Crop Withers to Worst Conditions Since 1992, Driving Prices Higher](https://feedsoft.ai/events/9765-us-corn-crop-withers-to-worst-conditions-since-1992-driving-prices-higher.md) | -8.6% | -15.1% |

## Sources

- ft.com: https://www.ft.com/content/32bc0b0a-03da-412d-afff-1ada18c5524b?syn-25a6b1a6=1

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