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US growers planted 6.81 million acres of sorghum in 2023, up 8% from last year, with 5.94 million acres expected to be harvested for grain. Planting was 9 points behind the five-year average as of June 18.
Condition ratings were strong, with 60% of acreage rated good to excellent.
Higher planted and harvested acreage points to a larger US sorghum crop, which is bearish for prices. Good crop conditions reinforce that supply outlook.
newsdakota.comJamie DickermanJul 5, 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.
