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CHS Inc. reports growing demand for containerized and specialty grains, with sorghum used for Chinese baijiu production. Some U.S. producers plan to plant milo for the first time or expand acres, with milo trading at a $1.50-2.00 premium to corn.
Chinese baijiu demand is pulling U.S. sorghum exports and prices higher, which supports sorghum values relative to corn.
chsinc.comMar 9, 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.
