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USDA's NASS forecast the 2026 U.S. grain sorghum crop at 273.7 million bushels, down 6% from October and 37% below 2025. The national yield fell to 52.4 bushels per acre, and Kansas yield dropped to 59 bushels.
USDA also cut projected exports by 35 million bushels.
A much smaller sorghum crop tightens supply, but lower projected exports and rising ending stocks limit the price gain. The season-average price of $4.45 sits below the $4.67 reference price.
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.