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Brazilian sorghum prices fell 16.7% in December according to a Goias cooperative. The grain still gained 61.3% year to date, which was well above the 28.5% depreciation of the real against the dollar.
A sharp December pullback in Brazilian sorghum prices weakens the local feed grain price floor, which can ease costs for domestic feed buyers after a strong 2020 run.
tridge.comRene BarretoDec 31, 2020Not 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.
