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The head of the National Sorghum Producers says the historic drought shows the need for a stronger farm safety net in the next farm bill. He wants reference prices raised and disaster aid prioritized.
This is a policy discussion about future farm support and has no immediate effect on supply, demand or prices.
Not 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.