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The United Sorghum Checkoff says 2022 has been a tough year for US sorghum producers, with USDA pegging yields at 43 bushels per acre, the lowest since 1964. Prices remain high, and the checkoff says it sells all the sorghum it grows.
The crop's drought tolerance is a factor behind the losses in water-limited areas.
Record-low US yields tighten supply and keep sorghum prices elevated. Buyers should watch for a firm sorghum market while the drought losses persist.
oklahomafarmreport.comSpencer AndersonDec 6, 2022Not 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.
