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 the week ending Sep 14^th, remaining at three month low 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 Sep 14^th, unchanged from the previous week and remaining at a three month low level. The moderate-to-exceptional drought state remained at an eight year high seasonal level, however.

Corn:

Approximately 30% of corn production was within an area experiencing a drought as of Sep 14^th, unchanged from the previous month and remaining at a three month low level.

The percentage of U.S. corn located in a drought state finished equal to previous year levels during the week ending Sep 14^th while remaining significantly below the 2012 seasonal level of 80%.

It is estimated that 46% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Sep 12^th, up two percent from the six week low level experienced throughout the previous week.

The percentage of U.S. corn with short-to-very short subsoil moisture finished slightly below previous year levels during the week ending Sep 12^th while remaining significantly below the 2012 seasonal level of 87%.

Soybeans:

Approximately 26% of soybean production was within an area experiencing a drought as of Sep 14^th, unchanged from the previous week and remaining at a three month low level.

The percentage of U.S. soybeans located in a drought state remained at an eight year high seasonal level, finishing significantly above the five year average seasonal level of just 11%. U.S. soybeans located in a drought state remained significantly below the 2012 seasonal level of 76%.

It is estimated that 45% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Sep 12^th, up three percent from the five week low level experienced throughout the previous week.

The percentage of U.S. soybeans with short-to-very short subsoil moisture reached an eight year high seasonal level during the week ending Sep 12^th but finished significantly below the 2012 seasonal level of 82%.