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The November 10 U.S. Drought Monitor shows 67.0% of the country in abnormal dryness or drought, down 2.1% from the prior week. Drought eased in southern Illinois and Indiana while it intensified in the northern Midwest.
Drought affects 21% of corn acres, 29% of soybean acres and 48% of winter wheat acres.
Easing drought in the southern Corn Belt is a small positive for crop conditions, but dryness persisting in the north keeps some yield risk in the market. The net effect on prices is limited for now.
profarmer.comSpencer LangfordNov 12, 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 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), 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.
