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Texas grain sorghum production is about 40% of normal in the Corpus Christi area, while Plains yields were severely limited by drought. Lower Rio Grande Valley harvest was reported as a bumper crop with high yields and good prices.
Drought-driven shortfalls in Texas sorghum tighten the US sorghum balance, supporting prices and pushing buyers toward substitutes.
farmprogress.comRon SmithAug 18, 2022Not 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.
