# Strong demand drives sorghum prices higher

> Sorghum sales to China are strong, with 44% of the USDA export target of 260 million bushels already sold just two months into the 2020-21 marketing year. Some farmers are getting basis levels up to $1 over December corn futures, and some elevators are bidding for 2021 crop.

- Date: 2020-10-26 · published 2020-10-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/50695-strong-demand-drives-sorghum-prices-higher
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy early export commitments and historic basis strength tighten nearby sorghum supplies and support prices for feed buyers, with sorghum competing with corn for Chinese feed demand.

## Read by commodity

- CORN: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-03-18 | [Chinese Imports of Sorghum, Driving U.S. Prices Higher -](https://feedsoft.ai/events/48165-chinese-imports-of-sorghum-driving-u-s-prices-higher.md) | +10.8% | +13.2% |
| CORN | 2023-09-12 | [Robust Sorghum Demand and Exports Expected to Bolster Prices in 2023-24 - AgWeb](https://feedsoft.ai/events/34158-robust-sorghum-demand-and-exports-expected-to-bolster-prices-in-2023-24-agweb.md) | -8.6% | -6.6% |
| CORN | 2026-09-25 | [Brazil's chicken meat prices rise on stronger consumer demand
						 \| The Poultry Site](https://feedsoft.ai/events/17601-brazil-s-chicken-meat-prices-rise-on-stronger-consumer-demand-the-poultry-site.md) | -0.4% | -6.0% |
| CORN | 2020-10-01 | [U.S. fertilizer prices surge to decade high](https://feedsoft.ai/events/50574-u-s-fertilizer-prices-surge-to-decade-high.md) | -0.3% | +6.4% |
| CORN | 2022-10-10 | [U.S. Sorghum-Corn Premium Prices Fell Sharply During this Quarter](https://feedsoft.ai/events/39195-u-s-sorghum-corn-premium-prices-fell-sharply-during-this-quarter.md) | +0.6% | -0.3% |

## Sources

- farmprogress.com: https://www.farmprogress.com/sorghum/strong-demand-drives-sorghum-prices-higher

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.