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National Sorghum Producers encourages farmers hit by planting delays to consider replanting to grain sorghum, citing lower seed costs and late-planting flexibility. The group says US sorghum has recently sold in multiple vessels to China despite tariffs.
Expected acreage shifts toward sorghum from replanted fields could add supply later in the year, which is bearish for sorghum prices. Renewed China vessel sales offer some support.
farmprogress.comMay 30, 2019Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
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.
