# Grain Sorghum Demand, Profitability Outlook Promising in 2020

> U.S. grain sorghum exports and returns are strong despite the COVID-19 downturn that has pushed corn, soybean and cotton futures below cost of production. Exports soared in February and March, with China a major buyer, including a large unidentified one-time purchase of more than 39 million bushels across the two months. USDA projects sorghum plantings up 11% to 5.82 million acres.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/53707-grain-sorghum-demand-profitability-outlook-promising-in-2020
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Strong Chinese and export demand is lifting sorghum basis and farm returns relative to other feedgrains, supporting prices and encouraging more acreage. Feed buyers should expect firm sorghum values versus corn.

## Read by commodity

- SORGHUM: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2020/04/17/grain-sorghum-demand-profitability

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.