Loading…
Texas Extension reports that heat and drought have limited Texas corn and sorghum production, causing prices for both crops to spike. Central Texas stunted crops during sensitive growth stages, and Panhandle irrigation has struggled with heat and wind, with producers expecting extreme yield losses.
Texas losses reduce US sorghum and corn supplies at the margin, supporting local prices and basis in the Gulf region.
agrilifetoday.tamu.eduRandi WilliamsAug 30, 2023
wlj.netTexas A&, M AgriLife ExtensionSep 1, 2023After 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.
