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S&P Global reports that sorghum is gaining use as a drought-resistant feedstock, with lower prices putting pressure on corn and corn-based DDGS demand in animal feed. US sorghum exports to China fell 77.8% to 1.031 million mt in 2024/25 so far, while Mexico is increasing its purchases of US sorghum.
Cheaper sorghum competing with corn and DDGS in feed rations could cap corn and DDGS prices, though lower protein limits full substitution. Shifting sorghum flows toward Mexico support sorghum prices while China's absence weighs on the export outlook.
spglobal.comMay 23, 2025Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, CORN moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
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.
