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Nebraska sorghum harvest is underway, with producer Don Bloss reporting above-average yields despite dry conditions. Sorghum prices are a couple of cents above corn.
Fewer sorghum acres are planted this year due to the sugarcane aphid pest.
Fewer US sorghum acres and reduced planting due to pest pressure could tighten supply, though good yields limit the price impact.
1011now.comBrad AndersonOct 4, 2017Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% 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.
