
Kansas State economist Dan O'Brien says low prices last year shaped farmer planting decisions, with wheat planting intentions the lowest since 1919. He adds that sorghum faces weak feed grain demand and a large stock overhang despite higher export sales.
Lower wheat acreage supports prices over time, while the sorghum stock overhang and weak demand keep sorghum prices under pressure.
Not enough comparable past events yet for a historical read.
After 40 past neutral report events, Wheat (HRW) moved a median -0.9% over 5 sessions (38% higher; middle half -3.1% to +1.6%), and -0.5% 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.