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Sorghum plantings are rising in the Texas Panhandle as producers choose it for lower water and input needs versus corn. Growers say net returns could match corn given similar prices.
Shifting acres toward sorghum on drought-prone land adds supply over time, a modest factor against firm sorghum prices.
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.