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Austin American-Statesman reports nearly 90% of Texas is drought-free, the highest share since spring 2020, after heavy July rains. The article says the outlook depends on whether La Niña returns in the fall, which can bring warmer, drier conditions to the area.
Improved Texas moisture helps US Southern Plains pastures and sorghum and cotton planting, which eases feed supply concerns. The impact on national prices is modest.
statesman.comRoberto VillalpandoJul 12, 2021Not enough comparable past events yet for a historical read.
Not 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.
