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Texas A&M AgriLife experts said 2018 was a difficult year for Texas corn and sorghum growers due to drought, high temperatures, low prices and record Midwestern yields. Corn and sorghum acres fell slightly, and dryland yields were below typical levels.
Lower regional output is a small supply factor, but the story mainly reflects low prices and record US yields, which keep feed-grain prices under pressure.
texasfarmbureau.orgJulie TomascikOct 24, 2018After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
