The USDA has lowered its sorghum ending stocks estimate for the current marketing year because of strong demand.
The USDA cut domestic feed use despite reports of sorghum being substituted for corn in some livestock feed rations but raised export use because of strong demand from China, which uses sorghum for livestock feed, renewable fuels, and beverage alcohol.
Stocks are expected to rebound somewhat next marketing year with the USDA projecting a bigger crop, but expected demand will keep supplies relatively tight and support farm prices.
