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USDA weekly export sales for the week ending November 23 showed sorghum sales of 328,000 tons, a new marketing-year high, with China buying 262,000 tons. Wheat, corn and soybean sales were mixed against expectations.
Strong Chinese sorghum buying supports US sorghum values and competes with corn in feed demand, though the overall export report was mixed.
brownfieldagnews.comJohn PerkinsNov 30, 2017Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
