# Robust Sorghum Demand and Exports Expected to Bolster Prices in 2023-24 - AgWeb

> Pro Farmer summarizes the South Ag Today analysis that US sorghum export sales are about 25% above the past two seasons and Gulf basis is $1 over December futures. It also notes USDA projects China's sorghum imports rising by 125.7 million bushels.

- Date: 2023-09-12 · published 2023-09-12T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/34158-robust-sorghum-demand-and-exports-expected-to-bolster-prices-in-2023-24-agweb
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rising Chinese import projections and firm basis support sorghum premiums over corn in 2023-24.

## Read by commodity

- CORN: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-11 | [Supporting Sorghum Prices in the 2023/24 Season: Exports and Basis](https://feedsoft.ai/events/34154-supporting-sorghum-prices-in-the-2023-24-season-exports-and-basis.md) | +0.9% | -5.6% |
| CORN | 2020-10-26 | [Strong demand drives sorghum prices higher](https://feedsoft.ai/events/50695-strong-demand-drives-sorghum-prices-higher.md) | +0.3% | +10.2% |
| CORN | 2022-09-20 | [FEATURE - Australian sorghum exports gain - as rival US prices bounce - Grain Price News](https://feedsoft.ai/events/39636-feature-australian-sorghum-exports-gain-as-rival-us-prices-bounce-grain-price.md) | -2.5% | +2.4% |
| CORN | 2022-08-04 | [Border Demand Steps in to Keep Valley Corn and Milo Prices Steady to Improved](https://feedsoft.ai/events/40088-border-demand-steps-in-to-keep-valley-corn-and-milo-prices-steady-to-improved.md) | +2.7% | +3.9% |
| CORN | 2021-03-18 | [Chinese Imports of Sorghum, Driving U.S. Prices Higher -](https://feedsoft.ai/events/48165-chinese-imports-of-sorghum-driving-u-s-prices-higher.md) | +10.8% | +13.2% |

## Sources

- agweb.com: https://www.agweb.com/markets/pro-farmer-analysis/robust-sorghum-demand-and-exports-expected-bolster-prices-2023-24

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.