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USDA planting projections put 2024 US sorghum acreage 11% below last year. Nebraska and South Dakota acres rose, but Kansas and Texas fell significantly as farmers shifted to cotton and corn.
Sorghum Partnership officials cite dry weather and competition from other crops.
Lower US sorghum plantings tighten the supply outlook for feed buyers and support sorghum prices relative to corn.
brownfieldagnews.comMark DorenkampJun 7, 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.
