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American Sorghum reports that U.S. grain sorghum plantings were 5.7 million acres in 2017. Early seed sales and a strong fall export market point to a sizable acreage increase for 2018.
Industry leaders also flag the farm bill and NAFTA talks as key issues.
Expected acreage growth would add supply, which is bearish for sorghum prices, while export strength supports demand. Net price impact is modest at this stage.
americansorghum.comJoshua AuerbachDec 22, 2017Not 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.
