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Nebraska Grain Sorghum Board's executive vice president says demand for sorghum is outpacing domestic supply. He estimates international demand could absorb about ten times the 2020 U.S. sorghum crop and argues Nebraska is well placed to become a shipping hub.
Demand that exceeds supply supports sorghum prices and encourages acreage expansion. The statement is an industry view and does not change current supply or demand figures.
brownfieldagnews.comadminJan 6, 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.
