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The Senate Agriculture Committee is considering Gregory Ibach for USDA's top agricultural trade post. The update also reports U.S. sorghum production forecast 37 percent below last year and expanded Panama Canal daily transit capacity to 34 vessels.
A sharply smaller U.S. sorghum crop tightens feed grain supply and supports sorghum prices, while the Panama Canal capacity increase eases shipping constraints for grain exports.
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.