The amount of US corn and soybean production being impacted by drought has fallen to its lowest in almost two years, following wetter Midwest weather this past week. Based on the weekly US drought monitor released Thursday, the amount of corn production impacted by drought fell to 19% as of Tuesday, down 4 points on the week and the lowest since June 2022. Soybean production impacted by drought dipped an identical 4 points from the previous week to 17%, also the lowest since June 2022.