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Heavy June and July rains in South Texas left sorghum fields flooded and saturated. The Corpus Christi area received 13.3 inches of rain, more than double its normal total.
Officials expect yield losses after a season that had promised record output.
Lower Texas sorghum yields tighten the supply of a feed grain that is already in strong export demand, supporting prices.
caller.comKathryn CargoAug 6, 2021Not 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.
