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USDA-reported cash grain bids were mixed in the week to May 25, with corn and soybean bids mostly lower and sorghum reported higher. Export inspections showed corn down about 256,000 metric tons and soybeans down about 116,000 for the week ending May 20, while sorghum rose about 104,000.
Lower cash bids and weaker export inspections point to softer near-term demand pressure on corn and soybeans. The moves are routine week-to-week changes rather than a new supply or demand shock.
hpj.comHPJ StaffMay 31, 2021Not 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.
