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Sorghum growers are facing weak demand after China stopped buying U.S. sorghum in April amid tariffs, and the Food for Peace program that bought the remaining exports for Africa was canceled in January. Bids have fallen as low as $2.35 in key states.
Loss of the dominant export buyer leaves domestic sorghum prices depressed, and feed buyers can source it cheaply while exporters face weak 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.