
USDA data showed that 38% of the country’s topsoil was rated very short to short of moisture as of November 1, unchanged from the previous week. Surplus-moisture ratings rose one percentage point to 6%, aided by rainfall in the Desert Southwest, while 95% of Arkansas agricultural land remained very short to short of topsoil moisture.
Persistent dryness in Arkansas and other areas could constrain crop establishment and soil moisture, while the limited national improvement offers little broad relief. The report does not establish a specific near-term price effect for a listed commodity.
After 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.