According to the USDA, the percentage of corn and soybeans located within an area experiencing a drought were each unchanged from the previous week as of Jul 6^th, remaining at nine year high seasonal levels.

U.S. Drought Monitor:

The U.S. Drought Monitor showed 47% of the continental U.S. being in a moderate-to-exceptional drought state as of Jul 6^th, unchanged from the previous week and remaining at a nine year high seasonal level.

Corn:

Approximately 38% of corn production was within an area experiencing a drought as of Jul 6^th, unchanged from the previous week.

The percentage of U.S. corn located in a drought state remained at a nine year high seasonal level, finishing significantly above the five year average seasonal level of just six percent. U.S. corn located in a drought state remained below the 2012 seasonal level of 54%.

It is estimated that 41% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Jul 4^th, up two percent from the previous week.

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 Jul 4^th but finished below the 2012 seasonal level of 75%.

Soybeans:

Approximately 33% of soybean production was within an area experiencing a drought as of Jul 6^th, unchanged from the previous week.

The percentage of U.S. soybeans located in a drought state remained at a nine year high seasonal level, finishing significantly above the five year average seasonal level of just five percent. U.S. soybeans located in a drought state remained below the 2012 seasonal level of 58%.

It is estimated that 38% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Jul 4^th, up one percent from the previous week.

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 Jul 4^th but finished below the 2012 seasonal level of 75%.