Loading…
Kansas farmers finished harvesting grain sorghum in 2020 with satisfactory fall weather, and sorghum basis is historically high. U.S. sorghum exports have reached 178.8 million bushels, about 68% of USDA's projection, and seed bookings for 2021 are running ahead of 2020 as dry soils raise interest in sorghum.
Record export pace and strong basis support sorghum prices, and expected 2021 planting demand could tighten seed and grain supply. Feed buyers should expect firm sorghum pricing.
ksgrainsorghum.orgMaddy Meier, Mindy WellsDec 21, 2020Not 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.
