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Sorghum producers say a firm basis, good spring weather and renewed Chinese purchases have improved the outlook for the 2020 crop. Kansas growers expect sorghum acreage to rise noticeably this year.
Stronger export demand from China and a better basis support sorghum prices and may lift US planted area, which adds to future supply.
farmprogress.comJohn DuffMay 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.
