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Kansas Farmers Union says sorghum prices have stayed below $3 per bushel, leaving producers unable to cover input costs. A record US crop combined with lost export share, including China's halt in purchases and the loss of USAID food aid programs, has left large piles of grain in storage.
A large US supply with weak export demand keeps sorghum prices pressed and limits any upside for feed buyers. A confirmed China trade deal would be the main near-term upside risk.
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.