
Drought has centered over parts of the southeastern US, with a Mississippi county rated in Exceptional Drought, and three months without rain. Meteorologists expect it to persist through November and possibly into January if La Niña develops.
Prolonged Southeast drought threatens late-season crops and forage availability, supporting feed grain demand and prices in affected regions.
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.
After 1,079 past bullish weather events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.