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Terrain analysis says USDA's June WASDE projects a 14% rise in U.S. sorghum production and higher exports, which depend on Chinese buyers returning. Old-crop stocks are larger than expected because export sales disappointed.
If export demand does not materialize, large supplies could push sorghum prices lower, pressuring feed sorghum values.
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.