Missouri's state climatologist says 2026 was the fifth consecutive growing season with drought somewhere in the state, hardest hit in southwest Missouri. Corn-growing regions were largely spared severe drought and still produced good yields.
Persistent regional drought stresses pastures and forage supply in southwest Missouri, which can tighten local hay and feed availability, while the corn belt's relatively good yields limit upward pressure on grain prices.
After 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.
Not enough comparable past events yet for a historical read.
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.