# FEATURE - Australian sorghum exports gain - as rival US prices bounce - Grain Price News

> US sorghum export prices in New Orleans jumped 17.2% in two weeks to $400.60 per tonne, widening their premium over US Gulf corn to $75.60 per tonne, the highest in 13 months. The move reflects poor US sorghum crop prospects amid severe drought in the central and southern Plains.

- Date: 2022-09-20 · published 2022-09-20T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/39636-feature-australian-sorghum-exports-gain-as-rival-us-prices-bounce-grain-price
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A tighter US sorghum supply and wider premium over corn should favor Australian sorghum exports as buyers shift to the cheaper origin, supporting sorghum and corn-substitute feed prices.

## Read by commodity

- CORN: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-09-12 | [Robust Sorghum Demand and Exports Expected to Bolster Prices in 2023-24 - AgWeb](https://feedsoft.ai/events/34158-robust-sorghum-demand-and-exports-expected-to-bolster-prices-in-2023-24-agweb.md) | -8.6% | -6.6% |
| CORN | 2023-09-11 | [Supporting Sorghum Prices in the 2023/24 Season: Exports and Basis](https://feedsoft.ai/events/34154-supporting-sorghum-prices-in-the-2023-24-season-exports-and-basis.md) | +0.9% | -5.6% |
| CORN | 2024-02-07 | [Dismal grain exports not helping prices – Ohio Ag Net \| Ohio's Country Journal](https://feedsoft.ai/events/7202-dismal-grain-exports-not-helping-prices-ohio-ag-net-ohio-s-country-journal.md) | -1.1% | +0.3% |
| CORN | 2024-02-22 | [US reports rare daily export sale of sorghum to China \| The Straits Times](https://feedsoft.ai/events/31722-us-reports-rare-daily-export-sale-of-sorghum-to-china-the-straits-times.md) | -1.0% | +6.0% |
| CORN | 2018-09-25 | [Russian Grain Exports Slowed](https://feedsoft.ai/events/62870-russian-grain-exports-slowed.md) | +0.1% | +0.3% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/09/20/feature-australian-sorghum-exports-gain-as-rival-us-prices-bounce/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.