# Central US drought intensifies, threatening grains and soy | Reuters

> Dry conditions at the start of the US summer crop season have raised concerns about harvest shortfalls. Corn and soybean prices have soared to multi-month highs, though rains could still help both crops recover.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: weather · region US · magnitude high
- Page: https://feedsoft.ai/events/9769-central-us-drought-intensifies-threatening-grains-and-soy-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Concerns over US drought and possible shortfalls push corn and soybean prices higher, raising the cost of core feed ingredients until rainfall improves.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2023-06-20 | 1 | +5.0% | 4.6 | Intensifying central US drought raised harvest-shortfall concerns and pushed soy prices to multi-month highs, consistent with a large one-day meal jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-02-13 | [Drought conditions intensify across US, threatening crop yields \| Feed & Grain](https://feedsoft.ai/events/13112-drought-conditions-intensify-across-us-threatening-crop-yields-feed-and-grain.md) | +1.7% | -6.8% |
| CORN | 2024-10-22 | [Drought opens “rain hunting” in Central-West](https://feedsoft.ai/events/13539-drought-opens-rain-hunting-in-central-west.md) | -0.0% | +2.2% |
| CORN | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -2.5% | +2.4% |
| CORN | 2017-06-22 | [Northern Plains drought intensifies](https://feedsoft.ai/events/70338-northern-plains-drought-intensifies.md) | -2.7% | +3.8% |
| CORN | 2025-06-23 | [Escalating drought threatens Europe's ecosystems and agriculture - Joint Research Centre](https://feedsoft.ai/events/24141-escalating-drought-threatens-europe-s-ecosystems-and-agriculture-joint-research.md) | -1.5% | -3.7% |
| SOY | 2025-02-13 | [Drought conditions intensify across US, threatening crop yields \| Feed & Grain](https://feedsoft.ai/events/13112-drought-conditions-intensify-across-us-threatening-crop-yields-feed-and-grain.md) | +1.7% | -3.0% |
| SOY | 2024-10-22 | [Drought opens “rain hunting” in Central-West](https://feedsoft.ai/events/13539-drought-opens-rain-hunting-in-central-west.md) | -0.7% | +2.9% |
| SOY | 2022-09-20 | [Winter drought rolls into third La Niña for Argentina - Grain Central](https://feedsoft.ai/events/14008-winter-drought-rolls-into-third-la-nina-for-argentina-grain-central.md) | -3.4% | -5.2% |

## Sources

- reuters.com: https://www.reuters.com/world/us/central-us-drought-intensifies-threatening-grains-soy-2023-06-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.