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Oklahoma State University extension estimates sorghum operating costs near $200 per acre, requiring about 67 bushels per acre to break even at $3 sorghum. Producers can currently lock in cash prices of $3 to $3.25 depending on location, with reduced acres and weaker basis tied to lower exports.
Cash bids around $3 and a weak basis signal limited downside support for sorghum, while reduced acreage could tighten supplies later in the marketing year.
news.okstate.eduMay 30, 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.
