LUBBOCK, TX – Sorghum export sales were strong again last week with China committing to purchase 4.3 million bushels of old crop sorghum and taking delivery of another 2.2 million bushels from the United States. Total commitments have hit 233 million bushels or 63 percent of the 2020 U.S. sorghum crop. According to the National Sorghum Producers (NSP), if the marketing year ended today and China took delivery of its existing purchases, the country would have imported 62 percent of the sorghum grown in the U.S. in 2020. The basis remains mostly flat across the sorghum belt given almost nonexistent stocks but continues to strengthen in outlying areas as merchandisers continue to scramble in search of available sorghum.
(SOURCE: All Ag News)