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A farm industry column reports the US sorghum crop is 92% headed versus a 9% average, with 20% harvested and only 21% of the crop rated good or excellent, down from 57% a year earlier. The author notes recent rains have helped some farmers but no record yield is expected.
Poor crop condition points to a short US sorghum harvest, which supports sorghum prices and demand for alternative feed grains.
theseam.comSep 13, 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.
