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Ethanol plants NuGen Energy in Marion and Ringneck Energy in Onida have posted milo bids for South Dakota producers facing late planting. The bids give farmers a known local market for sorghum planted late.
Local ethanol bids create demand for milo and support sorghum basis, which may encourage more sorghum planting as corn is prevented.
sorghumgrowers.comsorghumJun 11, 2019Not 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.
