USA. 2020 looks like promising year for sorghum
Sorghum Focus: Farmers are looking to plant more sorghum acres as China shows interest.
Due to its lower cost of production and renewed interest from China, sorghum has once again been on many farmers’ radars this planting season.
USDA is projecting an increase from 5.3 million acres last year to 5.8 million acres this year, and we expect the increase to be even larger when the planting report drops in late June. This means a lot of farmers will be back in the sorghum business for the first time in a couple years, so here are a few refreshers related to agronomy, basis and the futures market.
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