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Showers across the Corn Belt are providing moisture for filling corn and soybeans after a brief hot, dry spell. About 20% of US sorghum and 28% of cotton were rated very poor to poor by August 25, with Texas cotton in the worst condition.
Sorghum stress in drought-affected areas reduces expected supply, which can support sorghum prices and feed substitution demand.
brownfieldagnews.comGreg SouljeAug 28, 2024Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
