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An opinion piece from the National Sorghum Producers argues that high commodity prices after the Great Recession were temporary and that farm safety-net programs like the price loss coverage are needed. It credits the $3.95 sorghum reference price with supporting producers through the current weak farm economy.
The piece concerns farm policy support rather than supply or demand, so it has little direct effect on feed grain prices.
farmprogress.comChris CogburnFeb 2, 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.
