How have early drought conditions impacted the US harvest?

It's been a rough couple of years for US corn and soybeans. 2022 brought drought, record-low Mississippi River water levels, and ultimately sky-high grains and oilseeds prices. The 2023 planting season was initially met with dry weather, causing concern of low yields come harvest time, but have conditions turned around since then and if not, what would that mean for prices and for domestic and export demand?

S&P Global Commodity Insights' Jennifer Pedrick, Pete Meyer, Paul Hughes and Luke Lundgren examine the progress of these crops so far in the crop year, and look toward the possible outcomes of the upcoming harvest on the US market and trade flows in South America and around the globe.

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