# June Yield Loss Estimates Similar to 2012 Drought Year, Analyst Says

> Analyst Ray Grabanski said soil moisture in the Corn Belt is dropping at the fastest pace in decades, with almost no rain in recent weeks. Sorghum good-to-excellent ratings fell 7% to 48%, and corn fell 4% to 71%, producing the yield model's first significant loss of 2.17 bu/acre. He compared the estimated losses to the 2012 drought year.

- Date: 2020-06-16 · published 2020-06-16T12:00:00.000Z
- Category: weather · region US · magnitude medium
- Page: https://feedsoft.ai/events/52455-june-yield-loss-estimates-similar-to-2012-drought-year-analyst-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Falling crop ratings and a drought-driven yield model loss point to tighter corn and sorghum supplies, which is bullish for feed grain prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-04 | [Crop tour sees lower soybean estimates due to drought, record heat  \| World Grain](https://feedsoft.ai/events/13245-crop-tour-sees-lower-soybean-estimates-due-to-drought-record-heat-world-grain.md) | +0.4% | -7.7% |
| CORN | 2022-06-16 | [Drought Early Warning Update for the Midwest U.S. \| June 16, 2022 \| Drought.gov](https://feedsoft.ai/events/13350-drought-early-warning-update-for-the-midwest-u-s-june-16-2022-drought-gov.md) | -1.5% | +0.5% |
| CORN | 2023-10-19 | [Late-Summer Drought Brings Lower Corn Yield](https://feedsoft.ai/events/13237-late-summer-drought-brings-lower-corn-yield.md) | +1.0% | -2.6% |
| CORN | 2023-06-23 | [Drought Status Update for the Midwest U.S. \| June 23, 2023 \| Drought.gov](https://feedsoft.ai/events/13269-drought-status-update-for-the-midwest-u-s-june-23-2023-drought-gov.md) | -8.6% | -15.1% |
| CORN | 2023-10-03 | [Hot, dry grain fill weather affects yield estimates](https://feedsoft.ai/events/13242-hot-dry-grain-fill-weather-affects-yield-estimates.md) | -0.4% | -2.9% |
| SOY | 2023-09-04 | [Crop tour sees lower soybean estimates due to drought, record heat  \| World Grain](https://feedsoft.ai/events/13245-crop-tour-sees-lower-soybean-estimates-due-to-drought-record-heat-world-grain.md) | -0.3% | -5.8% |
| SOY | 2022-06-16 | [Drought Early Warning Update for the Midwest U.S. \| June 16, 2022 \| Drought.gov](https://feedsoft.ai/events/13350-drought-early-warning-update-for-the-midwest-u-s-june-16-2022-drought-gov.md) | -5.9% | -13.4% |
| SOY | 2023-06-23 | [Drought Status Update for the Midwest U.S. \| June 23, 2023 \| Drought.gov](https://feedsoft.ai/events/13269-drought-status-update-for-the-midwest-u-s-june-23-2023-drought-gov.md) | -1.2% | +0.0% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/june-yield-loss-estimates-similar-to-2012-drought-year-analyst-says

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