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Corn and sorghum values remain relatively high, with December corn having risen above $7 per bushel on several major moves since the Russian invasion of Ukraine. Prices opened higher after a neutral-to-bearish June WASDE, with the June 30 Acreage report seen as the next market mover.
High corn values keep sorghum and other coarse grains supported as substitutes. Upcoming acreage data is the next key catalyst for price direction.
agrilife.orgjustin.benavidezJun 13, 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.
