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Sorghum producers in an association are asking the federal government for a guaranteed minimum price. They say current prices are lower than last year and threaten to hoard stock unless prices rise about 26%.
If producers withhold supply, near-term sorghum availability tightens and prices could firm, though the outcome depends on policy action that is not yet in place.
tridge.comFrancis ChegeJun 12, 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.
