According to the USDA, the percentage of corn and soybeans located within an area experiencing a drought each declined to 12 week low levels throughout the week ending Apr 26^th.

U.S. Drought Monitor:

The U.S. Drought Monitor showed 54% of the continental U.S. being in a moderate-to-exceptional drought state as of Apr 26^th, down one percent from the previous week and reaching a 21 week low level.

The percentage of the U.S. in a moderate-to-exceptional drought state remained at a record high seasonal level for the 11^th consecutive week, however. U.S. Drought Monitor figures have been compiled since 2000.

Corn:

Approximately 23% of corn production was within an area experiencing a drought as of Apr 26^th, down six percent from the previous week and reaching a 12 week low level.

The percentage of U.S. corn located in a drought state remained at a seven year high seasonal level, finishing significantly above the five year average seasonal level of just seven percent. U.S. corn located in a drought state remained significantly below the 2013 record high seasonal level of 42%. Percentage of U.S. corn located in a drought state figures have been compiled since mid-2011.

It is estimated that 32% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Apr 24^th, down two percent from the previous week and reaching a three week low level.

The percentage of U.S. corn with short-to-very short subsoil moisture remained at an eight year high seasonal level during the week ending Apr 24^th but finished significantly below the 2013 record high seasonal level of 51%.

Soybeans:

Approximately 15% of soybean production was within an area experiencing a drought as of Apr 26^th, down four percent from the previous week and reaching a 12 week low level.

The percentage of U.S. soybeans located in a drought state finished below the previous year seasonal level of 19% but remained above the five year average seasonal level of just five percent. U.S. soybeans located in a drought state remained significantly below the 2013 record high seasonal level of 30%. Percentage of U.S. soybeans located in a drought state figures have been compiled since mid-2011.

It is estimated that 24% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Apr 24^th, down two percent from the previous week and reaching a five week low level.

The percentage of U.S. soybeans with short-to-very short subsoil moisture finished slightly below previous year levels during the week ending Apr 24^th while remaining below the 2013 record high seasonal level of 43%.