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USDA's May WASDE projects the 2021 U.S. sorghum crop at about 427 million bushels, which at a projected price of $6.10 per bushel would make it the most valuable sorghum crop on record. National Sorghum Producers attribute the price strength to strong demand, inflation and smaller crops abroad.
A tight U.S. crop combined with firm corn and soybean prices and strong Chinese buying supports sorghum values. Feed buyers should expect sorghum to stay priced at a premium to corn-based alternatives.
feedandgrain.comMay 26, 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.
