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IndexBox forecasts global sorghum production will rise 5% in 2021 to 61.2 million tonnes, with Chinese sorghum imports expected to climb 28%. Argentina, the US and Mexico are the largest expected crop gains.
Prices are forecast to keep rising with other cereals.
Expected strong Chinese import growth supports sorghum prices, though larger supplies from Argentina and the US could limit the upside.
globaltrademag.comIndexBoxJul 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.
