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The CEO of the Kansas Grain Sorghum Commission says India's poultry feed sector may buy US sorghum. India's new ethanol mandate is diverting domestic corn away from feed, forcing poultry buyers to look for substitutes.
About 60 percent of US sorghum is exported each year.
A potential new Indian buyer for sorghum could add export demand and support US prices. The opportunity is still exploratory and has no firm purchases yet.
brownfieldagnews.comBrandon PeoplesDec 5, 2024Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
