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Argentine sorghum sold for US$150 to 158 per ton in Rosario in August, above corn at about US$140 per ton, as China reopened to Argentine sorghum. May 2021 sorghum offers are at US$140 to 145 per ton.
Stronger Chinese demand for Argentine sorghum supports its premium over corn and may shift feed grain flows toward sorghum in the export market.
tridge.comDan KleinerSep 2, 2020Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
