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USDA-reported cash bids for corn, wheat and soybeans rose from the prior week while sorghum fell 63 cents. Weekly export inspections showed corn and wheat down and soybeans and sorghum mixed, with ethanol output slightly higher at 900,000 barrels a day.
Routine weekly bid moves show sorghum weakening relative to other feed grains, a bearish signal for sorghum buyers even as corn and soybeans firm.
hpj.comHPJ StaffJul 13, 2020Not enough comparable past events yet for a historical read.
Not 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.
