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Texas A&M AgriLife expert says Texas sorghum acres may decline slightly from 2021, with USDA prospective plantings at 1.7 million acres versus over 2 million last year. Drought, high fertilizer prices and competitive sorghum prices of roughly $7.50-$8 per bushel could still push some producers toward the crop.
Lower Texas sorghum plantings would tighten feed grain supply, while strong sorghum-corn price relationships support feed costs for buyers.
agrilifetoday.tamu.eduAdam RussellApr 20, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
