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Texas sorghum crop conditions vary, with dryness in the Rio Grande Valley and Panhandle planting yet to start, while coastal and Central Texas have good moisture. Sorghum prices are weak, so producers need higher yields to maintain revenue, and statewide acreage may decline.
Expected lower statewide Texas sorghum acreage and mixed weather could modestly tighten US sorghum supply, but weak prices limit upside.
feedlotmagazine.comSource Kay Ledbetter, Communications Coordinator, Texas A&M AgriLife, Laura McKenzieMay 24, 2024Not 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.
