A Kansas farm family reports that fall harvest and wheat sowing were halted by rain after a hot, dry summer. Trade teams from India, Sri Lanka, Latin America, China and Mongolia toured Kansas, meeting sorghum producers and learning about the state's ethanol industry.
The writer also met with grain buyers, feed millers and livestock producers from several of these countries.
Direct contact between Kansas sorghum growers and feed and grain buyers from importing countries supports export relationships. The effect on prices is small and indirect.
Not 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.