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Kansas Grain Sorghum reported back-to-back record marketing-year sorghum sales in December 2021. Chinese buyers were making large purchases just as the Kansas harvest wrapped up.
Strong Chinese demand for US sorghum supports prices and gives farmers a reason to plan more sorghum acreage. Feed buyers may face firmer sorghum offers in early 2022.
ksgrainsorghum.orgAdam York, Maddy Meier, Mindy WellsDec 22, 2021Not 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.
