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Lower US sorghum production and reduced US exports have opened room for Brazilian grain, according to Brandalizze Consulting. Sorghum at Santos port is trading above corn futures, which has increased demand for seed for Brazil's safrinha planting.
Tighter US supply and a port premium over corn make sorghum more attractive as a feed grain for Brazilian buyers, supporting sorghum prices and possibly shifting some safrinha area toward sorghum.
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.