# Grain prices high, Texas yields not promising - AgriLife Today

> Texas A&M AgriLife reports that heat and drought have cut Texas crop acreage, with wheat yields described as abysmal and corn and sorghum yields expected to be poor to below average. Cash wheat has fallen to $8.27 per bushel from a May peak of $12.62, though prices remain strong.

- Date: 2022-07-20 · published 2022-07-20T12:00:00.000Z
- Category: weather · region US · magnitude low
- Page: https://feedsoft.ai/events/40534-grain-prices-high-texas-yields-not-promising-agrilife-today
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Lower Texas grain output adds to tight US supplies and supports feed grain prices, though recent cash price declines show the market easing from its peak. The regional shortfall is modest relative to national supply.

## Read by commodity

- CORN: bullish ▲
- KWHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2022-08-26 | [No Shortage of Problems Pointing to Higher Crop Prices Ahead](https://feedsoft.ai/events/40064-no-shortage-of-problems-pointing-to-higher-crop-prices-ahead.md) | -0.6% | +9.4% |
| KWHEAT | 2023-04-17 | [Feeling Bullish About Wheat Prices Again? - Alberta Grains](https://feedsoft.ai/events/36465-feeling-bullish-about-wheat-prices-again-alberta-grains.md) | -4.3% | +1.5% |
| KWHEAT | 2026-09-09 | [Kansas wheat prices hit 3-year high - Axios Kansas City](https://feedsoft.ai/events/17523-kansas-wheat-prices-hit-3-year-high-axios-kansas-city.md) | -1.1% | -6.0% |
| KWHEAT | 2019-01-28 | [Global grain prices on the move \| Farm Online \| ACT](https://feedsoft.ai/events/61168-global-grain-prices-on-the-move-farm-online-act.md) | -0.1% | -13.2% |
| KWHEAT | 2018-01-17 | [La Nina Could Pressure Yields – Lakeview Grains, LLC](https://feedsoft.ai/events/66927-la-nina-could-pressure-yields-lakeview-grains-llc.md) | +0.3% | +12.4% |
| CORN | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +0.4% | +6.4% |
| CORN | 2023-09-24 | [Summer Grilling Season Ends, But Not The High Price Of Beef](https://feedsoft.ai/events/34244-summer-grilling-season-ends-but-not-the-high-price-of-beef.md) | -0.3% | +1.6% |
| CORN | 2018-12-21 | [Abundance of rain doesn’t stop Ohio from recording high yields](https://feedsoft.ai/events/61434-abundance-of-rain-doesn-t-stop-ohio-from-recording-high-yields.md) | +0.2% | +1.7% |

## Sources

- agrilifetoday.tamu.edu: https://agrilifetoday.tamu.edu/2022/07/19/grain-prices-high-texas-yields-not-promising/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.