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A Sorghum Checkoff marketing article urges growers and end users to contract early for the 2021 crop, noting that grain availability is often the main obstacle to matching buyers and sellers. The article also notes that many in the Sorghum Belt face near-historic drought even as crop prices trend upward.
Early contracting can secure prices and storage in a tight, strengthening sorghum market, which matters for feed buyers planning supply.
farmprogress.comJohn DuffFeb 1, 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.
