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A U.S. Grains Council column says many farmers have already sold 2021 sorghum for delivery after harvest, a first for the crop. The writer attributes this to Chinese buying after African swine fever cut China's hog herd and drove up feed grain demand.
Forward sales for unplanted crops signal firm Chinese feed demand that supports sorghum prices and farm margins. The piece is commentary rather than a new market event, so its direct price effect is limited.
farmprogress.comJohn DuffJan 8, 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.
