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USDA's FAS reports heat and dryness across most Australian sorghum regions have cut production prospects, with harvest starting two weeks early in Queensland. Below-normal rainfall from December through February left low soil moisture, especially in Queensland.
Australia is the world's second largest sorghum exporter, so a smaller crop tightens export availability and supports international sorghum prices.
ipad.fas.usda.govMar 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.
