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US Southwest grain sorghum harvest is rated good to excellent despite persistent drought across much of the region. South Texas, which grows about 20% of US sorghum, had a good crop, and the High Plains and Oklahoma also performed well with timely rains.
Western Kansas was spotty.
A decent Southwest harvest supports ample sorghum supply, a mildly bearish factor for sorghum prices.
farmprogress.comRon SmithOct 14, 2024Not 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.
