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As of Nov. 9, 2020, 90% of the U.S. sorghum crop had been harvested in six major producing states, slightly ahead of last year and the five-year average.
Yields and quality are exceeding last year's crop, with volumes within USDA's estimates.
Solid harvest volumes and quality point to ample domestic sorghum supply, while strong Chinese export demand is supporting farm-gate prices.
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.