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The strength of rural America is the future of America, and, increasingly, the world. 

Items of interest:

May 2023 PS&D Overview

Sorghum production, supply, and demand were much lower in 2022/23 due to significant drought and lower-than-expected planted acres. This decrease in production, according to USDA, has created decreased exports as well as decreased ending stocks. With these lower stocks market liquidity has been an issue.

The most recent USDA WASDE report was released on June 9th, 2023. This report indicated a substantial increase in expected production and exports. The increase in production is attributed to an increase in planted acres and an expected increase in yield. Based on the current South Texas crop, conditions reflect this yield increase. Due to the expected increase in U.S. corn production, prices are seen to be decreasing according to the USDA WASDE report.  Drought in the Midwest could impact production and prices but much time remains before we see any concerns.

World Production 

The U.S. remains the leading sorghum production country. As noted in the adjacent chart, the U.S. exceeds 10 MMTs of production with Nigeria roughly 3 MMTs behind the U.S. The current 2023/24 USDA expectation is for the U.S. to produce 9.14 MMT of sorghum. 

World Export

The U.S. remains the sorghum export leader averaging nearly 6 MMT's per year. The current 2023/24 USDA expectation is for the U.S. to export 5.97 MMT.

U.S. sorghum exports have seen a recent increase as we move towards new crop harvest in South Texas. With such a large crop in South Texas, it is great to see an increase in export commitments.

U.S. sorghum production provides new crop grain as early as July and as late as December. This allows buyers and end-users to capture new crop sorghum for an extended period. Likewise, sorghum is grown from far South Texas to Central South Dakota. With the extended geography, quality sorghum is almost always available.

Sorghum demand distribution in 2021. 

Sorghum has seen strong export demand until most recently. High prices as compared to the world market, lower inventories due to drought, and a variety of other factors from the strength of the dollar to inflation have dampened demand. 

Although true, population increases, changes in diets, total grain supply, changing attitudes, and a continuing strengthening of the middle class will help to restore demand. 

Learn more about the U.S. sorghum industry below.