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Grain sorghum prices at Louisiana and Texas port terminals recently rose above $4.60 a bushel, more than 50 cents over corn at those ports. USDA projects sorghum will average only $2.60 to $2.80 to farmers this marketing year due to a broad grain glut.
Strong port premiums could pull sorghum into export channels and support local sorghum values, though the national average remains weak under corn-driven oversupply.
agri-pulse.comEd MaixnerMay 31, 2017Not enough comparable past events yet for a historical read.
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.
