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Australia's sorghum harvest is wrapping up in Queensland and northern New South Wales after a late, drought-affected season. USDA FAS puts the crop at 300,000 tonnes and exports at 40,000 tonnes, down from 91,000 tonnes a year earlier.
A small Australian crop and sharply lower exports reduce global sorghum availability, modestly supporting international sorghum prices.
graincentral.comLiz WellsJul 31, 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.
