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CME Group is rolling out a grain sorghum basis futures contract on August 24, designed to reduce price volatility and provide a benchmark closer to western Corn Belt pricing. National Sorghum Producers has raised concerns about liquidity and delivery points.
Sorghum has traditionally been priced off corn futures plus local basis.
A new basis benchmark could change how local sorghum bids are set, affecting feed buyers' procurement costs. Its success depends on liquidity and delivery design.
farmprogress.comJennifer M. LatzkeAug 13, 2026Not 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.
