
Texas A&M AgriLife experts said corn and sorghum are doing well where moisture has arrived in Central Texas but are suffering in drought-stricken areas, particularly the High Plains. Planting was delayed by a dry start in South and South Central Texas.
Regional drought and planting delays in Texas are a minor supply concern for corn and sorghum, though the effect on national prices is limited.
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.
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.