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The US Drought Monitor reported a broad one-category improvement across the Southwest and Great Basin after heavy late-October precipitation. Drought expanded in parts of the Lower to Middle Mississippi Valley, Ohio Valley, Mid-Atlantic and New England.
Harvest-area moisture improvements have little direct effect on crop size now, while drought expansion in the Ohio and Mississippi valleys could weigh on late-season yields and wheat planting conditions.
droughtmonitor.unl.eduNov 5, 2026After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
After 224 past neutral weather events, Wheat (SRW) moved a median -0.1% over 5 sessions (46% higher; middle half -1.4% to +1.5%), and +0.4% 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.
