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An analysis of sorghum premiums to corn examines the historical price relationship and its link to export demand relative to domestic use. It notes that premiums rose in 2020/21 on strong Chinese demand and fell to a discount when exports weakened.
Sorghum's premium or discount to corn depends on export strength, so the outlook for exports will determine whether sorghum holds a premium in the coming season.
oklahomafarmreport.comAimee CarlisleMar 18, 2024Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
