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USDA's October WASDE raised grain sorghum production forecasts from the previous month, reflecting a good growing season across the Sorghum Belt. Kansas is set to lead the nation with 3.6 million acres and 268 million bushels, up 13% from last year.
Higher USDA production estimates increase domestic sorghum supply, which is mildly bearish for sorghum prices and feed costs.
ksgrainsorghum.orgMaddy Meier, Mindy WellsOct 16, 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.
