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National Sorghum Producers CEO Tim Lust said US sorghum supplies are relatively tight and the supply-demand picture is stable. Lower winter exports have been offset by stronger domestic ethanol demand, and prices have improved somewhat recently.
Tight supplies and firmer ethanol use support US sorghum prices, though weaker exports remain a drag on the outlook.
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.