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Kansas farmer Adam Baldwin says mid-July basis for new-crop sorghum traded about $0.55 over corn, reversing the usual corn premium of about $0.30 over milo. He plans to shift some acres toward sorghum and away from dryland corn.
A sorghum basis premium over corn encourages more sorghum acreage and firmer sorghum feed demand, which can support sorghum prices relative to corn for feed buyers.
tyreeag.comSep 14, 2020Not enough comparable past events yet for a historical read.
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.
