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December 2021 corn futures rose to $4.58 per bushel on February 8 after large export sales were reported. Texas Triangle sorghum cash prices ranged from $8 to $10 per cwt, which is unusually strong relative to corn.
Corn gains and an unusually strong sorghum-corn price relationship point to firm feed grain costs for Texas buyers.
agrilife.orgjustin.benavidezFeb 8, 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.
