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Texas Brazos Valley grain sorghum growers describe a good 2025 crop but low prices. One grower says local basis is about 50 points under the board after losing export demand, and he has shifted acres away from wheat toward corn, cotton and milo.
Weak local basis and lost export outlets signal soft sorghum values in the Gulf region, which keeps feed-grain buyers' sorghum costs favorable in the near term.
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.