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A Texas A&M AgriLife economist says sorghum, corn and cotton all have strong prices for the 2021 planting season. Sorghum's premium to corn may lead Texas farmers to plant more sorghum acres than corn for the first time since 2015.
Strong competing row-crop prices and a possible acreage shift toward sorghum support feed grain prices, though the effect on overall supply depends on planting decisions.
Not 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.