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An IndexBox report says U.S. sorghum prices rose 55% in 2021 to $5.94 per bushel and are forecast to gain about 2% in 2022. The forecast cites Chinese feed demand and higher fertilizer costs.
China took about 85% of U.S. sorghum exports in 2020.
Expected Chinese demand and rising input costs support U.S. sorghum values, and China's dependence on U.S. supply makes trade policy a key price risk.
globenewswire.comIndexBox, Inc.Feb 7, 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.
