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Brazil is now the third-largest sorghum producer, with a forecast of 5 million metric tons for 2025-26 according to USDA FAS. Brazilian sorghum adoption is rising as a second-crop option, and Brazil has signed an agreement to export sorghum to China.
Growing Brazilian supply and its China export access compete with US sorghum, which could cap US export premiums.
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.