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Texas sorghum growers face mixed conditions, with the Rio Grande Valley preparing for harvest and the Panhandle finishing planting. Extension economist Mark Welch said sorghum exports to China are effectively shut off by tariffs and trade disputes.
Loss of China as an outlet widens sorghum basis discounts versus corn, pressuring US sorghum prices and limiting export demand for the crop.
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.