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Total U.S. sorghum exports were already above 115 million bushels one month into the marketing year, 44% of the USDA export projection. Farmers are reportedly selling sorghum at $4.50 to nearly $5.00 per bushel, with 2021-22 bids above $4.20.
Chinese buying and firm cash and deferred bids point to tight sorghum availability and higher feed grain prices for buyers.
brownfieldagnews.comBrownfield Ag NewsNov 1, 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.
