That same question is being asked in the commodity pits of Chicago, where yield-minded traders continue to ply a weather market.
Illinois remains the most affected. According to Doane's, the entire state is enveloped in a moderate to severe drought. 52 percent of its corn is reported in poor to very poor condition --the worst rating since the 1988 drought.
The Illinois soybean crop is stressed too. 41 percent of the state's crop is rated poor to very poor. But, analysts say it has tolerated the heat and dryness better than crop conditions would suggest. They say soybeans do have the ability to bounce back if weather turns more favorable in August. But, in the driest areas, moisture is needed right now. Portions of central Illinois received an inch of rain last week, but precipitation in the northern quarter to one-third of the state was light to nonexistent.