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Prolonged drought on the South Plains of Texas has pushed cotton growers to consider planting grain sorghum as a secondary crop. Industry officials urge planting within about two weeks, as the window for a viable crop closes by early July.
Limited planting of late sorghum would add little to US supply, so the effect on feed grain prices is small, though the drought underlines tight conditions in the region.
farmprogress.comShelley E. HuguleyJun 15, 2018Not 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.
