# Commodities Market Update: Maize and sorghum sustain a 2-week dip amid supply glut

> A market update from the AFEX exchange reports maize and sorghum prices fell over two weeks, with maize down 3.73% and sorghum down 0.02%, attributed to a supply glut. The AFEX Export Index dropped 2.94% to 204.19 points for the week.

- Date: 2022-11-29 · published 2022-11-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38742-commodities-market-update-maize-and-sorghum-sustain-a-2-week-dip-amid-supply
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Harvest-driven supply increases and softer prices in the open market point to near-term pressure on maize and sorghum values, which feed buyers can use to time purchases.

## Read by commodity

- CORN: bearish ▼
- SORGHUM: bearish ▼

## Sources

- businesstrumpet.com: https://businesstrumpet.com/commodities-market-update-maize-and-sorghum-sustain-a-2-week-dip-amid-supply-glut/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.