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A Texas AgriLife market update reviews coarse grain prices, noting cash corn was up 7.7% and cash sorghum up 23.7% year over year as of November. It attributes this year's price swings to Ukraine-related geopolitics and the Black Sea corridor.
Higher cash prices for corn and sorghum raise feed costs for buyers, and the outlook for the 2023/24 crop depends on how yields and geopolitical supply risks evolve.
agrilife.orgNov 14, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
