
Farmers in northern Tamaulipas, Mexico, are leaving hundreds of thousands of acres unplanted, with nearly half the land programmed for the latest sorghum cycle never sown. Growers say more than 90% lost money last cycle because input costs exceed sale prices, and drought is only part of the cause.
The association has called the situation a crisis and asked authorities for help.
Lower Mexican sorghum output increases Mexico's reliance on U.S. imports, which are nearly all sourced from the U.S., supporting U.S. sorghum demand and prices.
Not enough comparable past events yet for a historical read.
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.