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Italy bought 36,600 metric tons of U.S. sorghum the week of March 14, and Spain has purchased nearly one million tons since April 2018. A European drought has raised local feed grain prices, making U.S. sorghum competitive.
European drought-driven demand for U.S. sorghum supports export sales and firms U.S. sorghum prices relative to corn.
grains.orgApr 4, 2019Not 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.
