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Nebraska sorghum production jumped 77 percent in 2021, which a state sorghum board head attributes to strong prices and new markets. Sorghum has traded at up to $1.20 over corn, and China was the largest buyer, with pet food makers also adding domestic demand.
Acreage is expected to rise again in 2022.
Expanding sorghum acreage adds future feed supply and can limit upside in sorghum prices. Continued premiums over corn show strong demand for buyers who use sorghum as a feed grain.
brownfieldagnews.comJan 24, 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.
