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The USDA projects U.S. sorghum planted area at 6.94 million acres, up 18% from 2020, with increases in all six listed production states. Kansas, the top producer, is up 20%.
A larger sorghum crop would add supply, and the expansion is driven by strong Chinese demand, which may cap sorghum price gains over time.
brownfieldagnews.comMar 31, 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.
