According to the USDA, the percentage of corn and soybeans located within an area experiencing a drought remained at seven and a half year high levels as of Jun 22^nd, unchanged from the previous week.

U.S. Drought Monitor:

The U.S. Drought Monitor showed 48% of the continental U.S. being in a moderate-to-exceptional drought state as of Jun 22^nd, up two percent from the previous week and remaining at a nine year high seasonal level.

Corn:

Approximately 41% of corn production was within an area experiencing a drought as of Jun 22^nd, unchanged from the previous week and remaining at a seven and a half year high level, overall.

The percentage of U.S. corn located in a drought state remained at a record high seasonal level for the fourth consecutive week, finishing significantly above the five year average seasonal level of just five percent. U.S. corn located in a drought state figures have been compiled since July of 2011.

It is estimated that 45% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Jun 20^th, up four percent from the previous week and reaching a 16 week high level, overall.

The percentage of U.S. corn with short-to-very short subsoil moisture remained at a nine year high seasonal level as of the week ending Jun 20^th but finished below the 2012 seasonal level of 61%.

Soybeans:

Approximately 36% of soybean production was within an area experiencing a drought as of Jun 22^nd, unchanged from the previous week and remaining at a seven and a half year high level, overall.

The percentage of U.S. soybeans located in a drought state reached a nine year high seasonal level, finishing significantly above the five year average seasonal level of just four percent but remaining below the 2012 seasonal level of 43%.

It is estimated that 41% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Jun 20^th, up four percent from the previous week and reaching a 16 week high level, overall.

The percentage of U.S. soybeans with short-to-very short subsoil moisture remained at a nine year high seasonal level as of the week ending Jun 20^th but finished below the 2012 seasonal level of 59%.