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Rainfall of more than an inch from Oct. 27 to Nov.
2 brought broad one-category drought improvement across the Southwest and Great Basin, ending short-term drought in those areas. Remnants of Hurricane Vance also brought drought-easing rain to parts of Texas, while long-term drought designations remain in some locations.
Improved soil moisture may support crop and pasture conditions in affected areas, though the report does not indicate a major production change. The near-term precipitation outlook could bring further relief, limiting weather-related supply risk if rainfall materializes.
arablewire.comOlivia HartNov 5, 2026After 2,467 past weather events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.5% to +1.7%), and +0.6% over 20.
After 1,964 past weather events, Soybeans moved a median +0.1% over 5 sessions (51% higher; middle half -1.7% to +1.8%), and +0.3% 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.
