Loading…
An industry column says sorghum pricing and lower production costs have produced an unusually strong profit outlook for U.S. growers. Basis across much of the High Plains has strengthened, with new-crop bids at levels the writer calls historically shocking.
Cited cash prices reach $5.61 to $6.11 per bushel in some locations.
Strong basis and profitability are likely to pull acreage toward sorghum, which supports sorghum prices and makes it a more competitive feed grain against corn for buyers.
theseam.comFeb 14, 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.
