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Brazilian sorghum closed November down 3.2% after a roughly 72% rise over the previous three months, according to a Goias cooperative. Prices were still up 93.5% year to date.
The modest monthly decline after a steep rally suggests some profit-taking in Brazilian sorghum, which may soften feed grain costs if the trend continues.
tridge.comRene BarretoDec 3, 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.
