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Wet spring flooding across the Midwest, including over half of Kansas counties, has kept farmers from planting corn. Grain sorghum is being promoted as a late-planting, drought-tolerant alternative with much lower seed costs than corn.
Prevented corn planting shifts acreage toward sorghum, which trims future corn supply and moves feed grain demand between the two crops.
farmprogress.comP.J. GriekspoorJun 4, 2019Not 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.
