Posted 11/26/2015 11:31 (#4920180 - in reply to #4920168) Subject: What if sorghum goes under loan?
You can tell the commercials are nervous about Sorghum supplies with basis raising above corn values in many locations.. terminals in Central and North East Kansas for example.
With projected sorghum carryout at only 58 myn bushels.. coupled with exports that are still running ahead of last year.. and a 130 myn bushel bump in domestic usage.. mostly for ethanol.
Sorghum supplies going under loan would certainly tighten things up...
Weekly Crop Loan report.. farmers add 50 myn bu corn up to 221
