Drought Strengthens in the West, Storms Soak the South

May 7, 2021  | 2 min  | Ep4638

Rainfall in Texas and across the South did help reduce this week’s Drought Monitor by almost three points.

However, other locations missed the moisture, as the drought tightened its grip across much of the West.

John Torpy reports.

The recent rain free days across the Corn Belt have been good for putting the 2021 crop in the ground, but if the dry spell decides to stick around, it’s going to wear out its welcome.
      Across the Midwest, this week, pockets of rainfall helped alleviate moderate drought levels in some areas, but did little to relieve the subsoil moisture deficits in many grain producing states. 
      The current drought conditions, coupled with strong grain sales, have moved commodity prices to levels reminiscent of the 2012 growing season. By August of that year, growers witnessed the price of corn climb to around $7 per bushel, and soybean prices exceed $14 per bushel.
      According to the latest U.S. Drought Monitor, over 80 percent of the western U.S. is experiencing exceptional drought conditions. Officials cite a combination of last winter’s below normal snowpack and a multi-year dry spell for the shortfall.
      Across several southern states the problem is too much moisture all at once. A slow moving front crawled across parts of several Gulf Coast states, dumping up to five inches of rain in some areas. The storms also spawned multiple tornadoes. 
      For Market to Market, I’m John Torpy

Grinnell Mutual Insurance