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USDA reported that sorghum export sales reached a marketing-year high in the week ending February 20. China was the second-largest weekly buyer, though much of the total went to unknown destinations.
Overall corn and soybean sales fell 31% on the week.
Strong weekly sorghum sales support U.S. sorghum basis, and China's participation adds to the case for export demand.
brownfieldagnews.comFeb 27, 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.
