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The chairman of the National Sorghum Producers Association says more U.S. farmers are adding sorghum to their rotations because it needs less nitrogen and water than corn. Planted acres rose in Kansas and Texas this year, partly on Chinese demand.
Sorghum is also gaining interest for human food uses.
Rising acreage increases supply, which is a bearish factor for sorghum prices. Demand from China and new food uses partly offset that pressure.
brownfieldagnews.comNov 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.
