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Extension and industry agronomists say West Texas cotton acres lost to hail or poor stands could be replanted to grain sorghum or left fallow. Sugarcane aphid risk remains a concern for sorghum on the High Plains.
Replanting failed cotton to sorghum would add supply to the sorghum market, which is mildly bearish, while fallowing would reduce it.
farmprogress.comRon Smith 1Jun 19, 2017Not 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.
