# Lower Grain Prices Include U.S. Sorghum - Southern Farm Network

> Greg Ruehle of the National Sorghum Producers says prices for grain commodities, including sorghum, have softened over the past six or seven weeks. He cited a strong basis of plus $2.10 on the last China-bound sorghum boat loaded in late July after the South Texas harvest.

- Date: 2024-09-02 · published 2024-09-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28360-lower-grain-prices-include-u-s-sorghum-southern-farm-network
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Softer cash and export basis signals ample near-term sorghum supply and weaker prices for buyers in the Texas and High Plains region, while strong export basis earlier shows China demand supporting the crop.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- sfntoday.com: https://www.sfntoday.com/2024/09/02/lower-grain-prices-include-u-s-sorghum/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.