# National Sorghum Producers anticipates big acreage gains

> The National Sorghum Producers CEO said sorghum acreage could rise more than the 11% USDA projected in the Prospective Plantings report. He cited Chinese purchases approaching 1 million metric tons in seven weeks, which have lifted export basis and produced a 13% premium over corn for export sorghum. Interior country elevator basis has also improved.

- Date: 2020-04-16 · published 2020-04-16T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/53708-national-sorghum-producers-anticipates-big-acreage-gains
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Export-driven basis gains and a possible larger crop imply firmer sorghum prices in the near term, with potential supply increases later in the marketing year that could cap rallies.

## Read by commodity

- SORGHUM: bullish ▲

## Sources

- farmprogress.com: https://www.farmprogress.com/sorghum/national-sorghum-producers-anticipates-big-acreage-gains

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