
Texas A&M AgriLife reports that corn and sorghum are doing well where spring rain has fallen in Central Texas but are suffering in drought-stricken South and High Plains areas. Extension experts say there are no major pest or disease problems and a favorable forecast could improve conditions.
Localized drought in the High Plains is a minor supply risk, while improving moisture in other areas limits upside for feed grain prices.
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.