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Heavy fall rains linked to El Niño have sharply reduced drought in New Mexico, with the share of the state in drought falling to 29.7% from 94.3% in mid-August. No parts of the state are now in extreme or exceptional drought, and rivers and reservoirs that had run dry are refilling.
Improved moisture reduces drought stress on New Mexico's pasture and forage land, which can ease hay and feed demand pressure in the region; the effect on national prices is minimal.
abqjournal.comDan BoydNov 13, 2026Not 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.
