# Sorghum prices down more than 3% in Brazil in the month of November

> 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.

- Date: 2020-12-03 · published 2020-12-03T12:00:00.000Z
- Category: market · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/49729-sorghum-prices-down-more-than-3-in-brazil-in-the-month-of-november
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

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.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/insights/sorghum-prices-down-more-than-3-in-brazil-in-the-month-of-november

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.