According to the USDA, the percentage of corn located within an area experiencing a drought increased slightly from the previous week as of Aug 3^rd, reaching a nine year high seasonal level, while the percentage of soybeans within an area experiencing a drought finished unchanged from the previous week, also remaining at the highest seasonal level experienced throughout the past nine years.

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 Aug 3^rd, unchanged from the previous week and finishing at a nine year high seasonal level.

Corn:

Approximately 37% of corn production was within an area experiencing a drought as of Aug 3^rd, up one percent from the previous week and reaching a four week high level.

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 11%. U.S. corn located in a drought state remained significantly below the 2012 seasonal level of 83%.

It is estimated that 45% of state-level corn acres had short-to-very short subsoil moisture as of the week ending Aug 1^st, up four percent from the previous week and reaching a six 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 Aug 1^st, finishing equal to the 2013 seasonal level but significantly below the 2012 seasonal level of 90%.

Soybeans:

Approximately 31% of soybean production was within an area experiencing a drought as of Aug 3^rd, unchanged from the previous week and remaining tied for the lowest level experienced throughout the past nine 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 11%. U.S. soybeans located in a drought state remained significantly below the 2012 seasonal level of 82%.

It is estimated that 41% of state-level soybean acres had short-to-very short subsoil moisture as of the week ending Aug 1^st, up four percent from the previous week and reaching an 11 week high level.

The percentage of U.S. soybeans with short-to-very short subsoil moisture reached a nine year high seasonal level as of the week ending Aug 1^st but remained significantly below the 2012 seasonal level of 87%.