According to the USDA, the percentage of corn and soybeans located within an area experiencing a drought each finished unchanged from the previous week as of Jul 27^th, remaining at nine year high seasonal levels.

U.S. Drought Monitor:

The U.S. Drought Monitor showed 46% of the continental U.S. being in a moderate-to-exceptional drought state as of Jul 27^th, unchanged from the previous week and finishing at a nine year high seasonal level.

Corn:

Approximately 36% of corn production was within an area experiencing a drought as of Jul 27^th, unchanged from the previous week and remaining tied for the lowest level experienced throughout the past seven weeks.

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 ten percent. U.S. corn located in a drought state remained below the 2012 seasonal level of 85%.

It is estimated that 41% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Jul 25^th, up five percent from the previous week and rebounding to a five week high level.

The percentage of U.S. corn with short-to-very short subsoil moisture reached an eight year high seasonal level as of the week ending Jul 25^th but finished slightly below the 2013 seasonal level of 43% and significantly below the 2012 seasonal level of 90%.

Soybeans:

Approximately 31% of soybean production was within an area experiencing a drought as of Jul 27^th, unchanged from the previous week and remaining tied for the lowest level experienced throughout the past eight weeks.

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 ten percent. U.S. soybeans located in a drought state remained below the 2012 seasonal level of 85%.

It is estimated that 37% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Jul 25^th, up four percent from the previous week and rebounding to a three week high level.

The percentage of U.S. soybeans with short-to-very short subsoil moisture reached an eight year high seasonal level as of the week ending Jul 25^th but finished slightly below the 2013 seasonal level of 38% and significantly below the 2012 seasonal level of 87%.