Extreme drought expands from 4 to 68 municipalities in two months and threatens agricultural activity

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.

• Oct 24, 2024Drought expands across key US agricultural regions | Feed & Grain-1.3%
• Jul 28, 2026El Niño threatens agricultural production and food security across the continent; FAO advocates for timely anticipatory action-1.7%
• Sep 10, 2026Midwest Drought Expands: Heat Wave Threatens Crops | Feed & Grain+4.3%
• Jun 23, 2025Escalating drought threatens Europe's ecosystems and agriculture - Joint Research Centre-1.5%
• Feb 9, 2023Forecast: agricultural exports down US$13 billion from 2022 due to drought - Buenos Aires Herald-1.3%

After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.

• Oct 24, 2024Drought expands across key US agricultural regions | Feed & Grain-2.1%
• Sep 10, 2026Midwest Drought Expands: Heat Wave Threatens Crops | Feed & Grain+1.9%
• Feb 9, 2023Forecast: agricultural exports down US$13 billion from 2022 due to drought - Buenos Aires Herald+0.4%
• Jun 8, 2021Potential for Drought Can Impact Prices and Marketing Plans | NDSU Agriculture-5.6%
• Mar 26, 2026Drought continues to expand in the Plains - Pro Farmer-0.3%