Loading…
US grain sorghum acreage is forecast to rise in 2018, with Texas also expected to show a modest increase. Demand is supported by Chinese market strength, a proposed EPA rule allowing sorghum oil in biodiesel, and ethanol potential.
Expected acreage gains add future supply, but robust Chinese and biofuel demand supports prices for sorghum relative to corn.
texasfarmbureau.orgJulie TomascikJan 10, 2018Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
