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Texas sorghum acreage and yields fell sharply in 2022 due to drought, but spring rains and slightly higher demand are expected to lift 2023 production. About 6.8 million acres were planted this year.
The Texas Panhandle and High Plains are key seed-production areas.
A production rebound increases available US sorghum supply after a weak 2022 crop, which tends to weigh on sorghum prices. Stronger export demand from China and Mexico partly offsets that.
abc7amarillo.comDrew PowellJul 12, 2023Not 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.
