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U.S. sorghum planted area rose about 24% in 2021 to near 7.3 million acres, the highest since 2015, according to USDA's September report. Strong Chinese feed grain demand and exports have lifted sorghum basis and prices, while domestic feed and ethanol use has declined.
Export demand from China is supporting sorghum prices and pulling supply away from domestic feed users, which tightens the feed-grain cost picture for U.S. buyers.
nuseed.comdlemoineOct 25, 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.
