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At the Kansas Grain Sorghum Producers Association's virtual annual meeting, a local elevator bid sorghum $1.25 per bushel over corn on the old-crop bid and $0.05 over on the new-crop bid. Producers said sorghum is attracting more interest as a planting option.
A wide sorghum-over-corn bid spread encourages feeders to substitute sorghum for corn and supports sorghum demand, though it may also prompt more acreage that eases prices later.
hpj.comKylene ScottFeb 19, 2021Not enough comparable past events yet for a historical read.
Not 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.
