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Texas A&M AgriLife experts described a difficult 2018 for Texas grain producers, citing drought and heat, low prices, record Midwestern yields and trade uncertainty. Corn acres fell to 2.3 million and sorghum to 1.6 million, and dryland yields were down while irrigated yields were better.
The story mainly reinforces that low prices and record US yields are the market backdrop, with limited direct supply impact beyond Texas.
news-journal.comAdam Russell Special to the News-JournalOct 28, 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.
