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Kansas sorghum stocks in all positions reached 30.7 million bushels on September 1, 2022, up 281% from 2021, per USDA NASS. Kansas corn stocks totaled 65.6 million bushels, up 11%, while wheat stocks fell 25%.
Sharply higher sorghum stocks add domestic supply and weigh on sorghum prices, while larger corn stocks provide ample feed supply.
Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.