U.S. Drought Monitor:

The U.S. Drought Monitor showed 53% of the continental U.S. being in a moderate-to-exceptional drought state this week, down from the previous week.

The percentage of the U.S. in a moderate-to-exceptional drought state remained at a record high seasonal level. U.S. Drought Monitor figures have been compiled since 2000.

Corn:

Approximately 20% of corn production was within an area experiencing a drought as of this week and continuing to trend lower.

It is estimated that 24% of state-level corn acres had short-to-very short subsoil moisture as of this week, down from the previous week and reaching a two year low level.

Soybeans:

Approximately 12% of soybean production was within an area experiencing a drought this week and also reaching a two year low.

It is estimated that 18% of state-level soybean acres had short-to-very short subsoil moisture as of this week, down two percent from the previous week.