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The 2016 U.S. sorghum harvest averaged nearly 80 bushels per acre, a 56% increase from the 2011-12 drought low of under 50 bushels. The 15-year trend yield projection is 71 bushels per acre.
A yield near 80 bushels per acre points to a larger domestic supply, which is bearish for sorghum prices unless strong export demand absorbs the crop. The gap to trend yield suggests the 2016 harvest was above normal.
farmprogress.comNov 1, 2016Not 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.
