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USDA's September WASDE raised planted grain sorghum acreage to 7.3 million, up 12% from August and 24% year over year. Weekly export commitments of 5.0 million bushels from China, Mexico and unknown buyers were also reported.
Larger acreage and continued export sales from China point to ample supply but firm export demand, leaving sorghum prices mixed with a supportive export pull.
sorghumcheckoff.comnmortensen@curiousplot.agencySep 10, 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.
