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A central Kansas farmer says drought has delayed corn planting and that high fertilizer prices are prompting a switch from corn to sorghum and soybeans. He called it one of the driest springs on record.
Acreage shifting from corn to sorghum and soybeans due to fertilizer costs and dry weather could tighten corn supply while lifting sorghum acreage.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% 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.