According to the USDA, the percentages of corn and soybeans located in a drought state reached seven and eight year high seasonal levels, respectively, as of May 11^th.

Corn:

Approximately 24% of corn production is within an area experiencing a drought as of May 11^th. The percentage of U.S. corn located in a drought state declined slightly from two month high level experienced throughout the previous week.

The percentage of U.S. corn located in a drought state reached a seven year high seasonal level, finishing significantly above the five year average seasonal level of just two percent. The current percentage of U.S. corn located in a drought state finished above the seasonal level experienced throughout the 2011-2012 drought but remained below 2012-2013 seasonal levels.

Soybeans:

Approximately 20% of soybean production is within an area experiencing a drought as of May 11^th. The percentage of U.S. soybeans located in a drought state declined slightly from two month high level experienced throughout the previous week.

The percentage of U.S. soybeans located in a drought state reached an eight year high seasonal level, finishing significantly above the five year average seasonal level of just two percent. The current percentage of U.S. soybeans located in a drought state finished above the seasonal level experienced throughout the 2011-2012 drought but remained below 2012-2013 seasonal levels.