This is the most important time of the year for Midwest corn and soybeans.

by Scott Mathews

Editor-in-Chief and Co-Producer of Climatelligence

• August 3, 2026

Source: Jim Roemer - Meteorologist - Commodity Trading Advisor - Principal, Best Weather Inc. & Climate Predict - Publisher, Weather Wealth Newsletter and Co-Producer of Climatelligence

This is the most important time of the year for Midwest corn and soybeans. There will be several chances of rain events through August, with no major sustained heat; perhaps only in the far western corn belt, but with rains as well. I look for several chances of rain in key regions and have NOT been believing standard weather models, once again this summer.

Rains, I predicted from last week, in Iowa this past Friday morning “against” standard weather models that changed a few days ago. Off-and-on chances for rain will dot key areas of the Midwest well into August. This is in contrast to some advisory firms and several meteorologists “out there” (who have never traded commodity futures).

See my videos from earlier this week.

I disagreed two weeks ago when corn and soybean prices began soaring. To make forecasts, I use teleconnections, not standard weather models

Models a week or two ago (above) were dry for much of the corn belt. Even so, I did not get caught up in the bullish hype. I was not worried for 70% of the region, only the western areas.

Recently, I mentioned a ”ring of fire” (not the great Johnny Cash song). Please don’t get caught up in the baloney hype of lower US corn and soybean yields. Notice (below) how weather models changed. For early to mid-August, I predicted it would be wetter.

For paid Climatelligence subscribers: find our updates below and our weather Spider trade sentiment report we sent to Best Weather’s premium WeatherWealth Clients last week.