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John Duff writes that sorghum farmers can find profit opportunities if they know production costs and seek marketing advice. He notes 2023 was better than 2022 despite late-season drought, and that resurgent Chinese demand has pushed sorghum basis higher this harvest.
Stronger Chinese import demand and higher basis support sorghum prices for feed buyers, though renewed drought risk could tighten supply for 2024.
farmprogress.comJohn DuffOct 12, 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.
