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The June WASDE projects 2024 US sorghum production at 388 million bushels on about 6.4 million planted acres and a 69.3 bushel per acre yield. The season-average farm price is estimated at $4.40 per bushel, down from $4.90 in 2023-24.
A sizable recovery in US sorghum output versus last year's drought-hit crop adds feed supply and pressures sorghum prices lower.
hpj.comDave BergmeierJun 25, 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.
