Loading…
Strong US sorghum exports, mainly to China, and 2023/24 ending stocks forecast at 22 million bushels point to tight US supplies. The article suggests sorghum may gain planted acres in spring 2024 at the expense of corn.
Tight sorghum stocks support prices, while potential acreage switching from corn would add supply competition for corn in the coming crop year.
farmprogress.comNaomi BlohmFeb 29, 2024Not enough comparable past events yet for a historical read.
Not 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.
