
USDA planted 6.28 million acres to sorghum this year, 5% below last year, partly due to drought in key growing areas. Sorghum stocks on June 1 were 66.7 million bushels, down 33% year on year, and USDA's updated supply and demand numbers are due July 10.
Smaller acreage and tight stocks support sorghum prices and feed grain costs ahead of the July USDA update.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.