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U.S. sorghum acreage has risen sharply this year, with planted area estimated at 7.3 million acres, up about 24 percent from last year. Most of the Sorghum Belt is reporting above-average yields, and China and other countries are buying large volumes.
The article describes the crop as having a favorable combination of supply, price and export demand.
Larger supply weighs on sorghum prices, but strong export buying from China supports demand and limits downside. Feed buyers may find sorghum competitively priced against corn.
sorghumgrowers.comArticle By Haleigh ErramouspeNov 14, 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.
