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Kansas crop reports show 35% of sorghum rated poor or very poor and only 24% good or excellent. Harvest was 40% complete, well behind the 65% average.
Poor crop conditions and delayed harvest point to lower sorghum yields and supports sorghum prices. Harvest delays can also disrupt the timing of deliveries.
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.