Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   

Agricultural News


Single Week U.S. Sorghum Sales Shatter Previous Records

Fri, 16 Apr 2021 08:20:27 CDT

Single Week U.S. Sorghum Sales Shatter Previous Records U.S. Department of Agriculture data issued this morning show U.S. sorghum exports the previous week were a record breaking 33.9 million bushels, topping the previous record by more than 10 million bushels, which took place in August 2020. The top destination was China.

In addition to record-breaking exports, new sales commitments were 33.8 million bushels, predominantly purchased by China. The previous record for weekly sorghum sales was 32 million bushels, also in August 2020.


“U.S. sorghum exports continue to signal very strong demand for our crop, and new purchases at this level only reaffirm that,” National Sorghum Producers CEO Tim Lust said. “The size of shipments reported this last week is equivalent to the size of approximately 10-12 Panamax vessels.”

New crop purchases of U.S. sorghum for this point in marketing year are also at a record level, reaching 40 million bushels this past week-a 264 percent increase from the previous record set in 2014. These new crop purchases are significant, particularly in the wake of a + $5 Dec 2021 Chicago Board of Trade price

“This is the strongest new crop demand we have ever seen at this time in the season,” Lust said. “Availability is so scarce that the sorghum crop being planted now is being marketed at the same time, and farmers have not even started planting in Kansas yet. This sends a strong demand signal to U.S. sorghum producers from our international customers, and we look forward to getting the 2021 crop in the ground.”


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday, May 14, 2021 Market Wrap-Up with Justin Lewis  Fri, 14 May 2021 14:13:49 CDT
  • Oklahoma Genetics Director Mark Hodges Says It Will be a Race To fhe Finish Line For Wheat  Fri, 14 May 2021 13:36:54 CDT
  • Oklahoma Genetics Director Mark Hodges Says It Will be a Race To fhe Finish Line For Wheat  Fri, 14 May 2021 13:32:49 CDT
  • Oklahoma 4-H Addressing youth Mental Health  Fri, 14 May 2021 11:48:25 CDT
  • Chairman David Scott Statement on Confirmation of Deputy Secretary for USDA  Fri, 14 May 2021 11:44:26 CDT
  • NMPF Statement on the Confirmation of Dr. Jewel Bronaugh as Deputy Agriculture Secretary  Fri, 14 May 2021 11:41:13 CDT
  • Plexus Cotton Market Report for May 13,2021  Fri, 14 May 2021 09:46:07 CDT
  • AFBF Congratulates Dr. Jewel Bronaugh on Her Confirmation  Fri, 14 May 2021 09:29:38 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.