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Nebraska sorghum acreage has recovered from a low of around 120,000 acres, driven in part by Chinese demand in 2014 and 2015. Growers at the January 18 Nebraska Sorghum Symposium discussed low water use and new hybrids.
Rising sorghum acreage in key Plains states adds supply over time, but the effect on near-term prices is modest.
Not 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.