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The National Sorghum Producers urged caution on CME's proposed sorghum futures contract. The group said grower recommendations on delivery points and liquidity safeguards were not included, and that the contract is based on a wheat market model.
If delivery points and liquidity safeguards are not fixed, the contract may be less useful for sorghum hedgers, limiting its effect on sorghum pricing.
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.