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U.S. sorghum shipments hit an all-time weekly high, with China taking 16.6 million bushels. Total marketing-year shipments reached 134.8 million bushels, about 55% of the projected export total.
Texas Gulf bids were at a 110% of corn premium, though that premium has narrowed.
Record export pace supports U.S. sorghum prices and basis, though the narrowing Gulf premium signals softening demand at the margin.
hpj.comHPJ StaffMar 13, 2018Not 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.
