Loading…
A USDA Foreign Agricultural Service report expects South African sorghum imports to stay elevated over the next two marketing years. Lower production and stocks are driving the increase, as farmers have shifted to corn and oilseeds.
The United States is the main supplier.
Higher South African import demand supports US sorghum export flows and firms the global sorghum trade balance.
fas.usda.govNov 28, 2023Not 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.
