Loading…
The USDA March 31 Prospective Plantings report showed sorghum intentions, and the National Sorghum Producers said more acres could follow failed wheat and other crops after recent weather events. It said the expected ending stocks-to-use ratio has fallen to 7.92%.
A tight ending stocks-to-use ratio alongside rising demand points to firmer sorghum prices, and any extra acres from failed wheat could ease that tightness later.
farmprogress.comApr 3, 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.
