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The US exported a record 33.9 million bushels of sorghum in the latest week, according to USDA. New-crop purchases reached 40 million bushels, a 264% increase over the previous 2014 record.
Record export shipments and new-crop sales point to strong foreign feed-grain demand, which firms sorghum prices for US buyers.
world-grain.comHolly Demaree-SaddlerApr 16, 2021Not 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.
