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Terrain analysis argues the risk of US sorghum oversupply is understated. USDA's March 31 Prospective Plantings showed 6.12 million acres intended for sorghum, down 8% from 2025, but farmers could switch from fertilizer-intensive corn to sorghum and drier Plains conditions could lift area further.
Expanding acreage and weak Chinese demand point to larger ending stocks and downward pressure on sorghum prices and wider basis.
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.