# Most cash bids lower, except soybeans which were higher - High Plains Journal

> USDA reported cash bids for the week lower for corn, sorghum and wheat but higher for soybeans. Export inspections were mixed, with corn and sorghum down and wheat up week over week.

- Date: 2020-06-29 · published 2020-06-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52666-most-cash-bids-lower-except-soybeans-which-were-higher-high-plains-journal
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower cash bids for corn and sorghum reflect weaker demand and ample nearby supply, which eases feed costs for buyers, while higher soybean bids raise the cost of soy-based protein.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- WHEAT: bearish ▼
- SORGHUM: bearish ▼

## Sources

- hpj.com: https://hpj.com/2020/06/29/most-cash-bids-lower-except-soybeans-which-were-higher/

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