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USDA reported 2022 U.S. sorghum production at 187.8 million bushels, down 58% from 2021, with an average yield of 41.1 bushels per acre. Drought caused harvested area to fall nearly 2 million acres.
Kansas output fell to 105.3 million bushels from 265.2 million.
The sharp drop in U.S. sorghum output tightens domestic supply and supports sorghum prices against feed substitutes.
brownfieldagnews.comadminJan 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.
