Long a staple crop in Sub-Saharan Africa, no region or country can compete with the roller coaster and meteoric rise of sorghum consumption in China. In the past ten years, China has gone from being the world’s seventh largest consumer of sorghum to the number one slot with twice amount of disappearance as its closest competitor. Consumption in other countries has dropped as they instead ship supplies to the Middle Kingdom.
Sorghum is not a new crop to China. Consumption was also high back in the 1970’s until the policy focus on producing corn. Indeed, it is the tightness in the corn market that is driving the spike in sorghum demand. Consequently, it is possible that the current trend will slow, assuming Beijing’s rene...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
