Loading…
Sorghum traded just below $300/t delivered Darling Downs as unseasonably warm, dry weather raised concerns about feedgrain supplies through November. The ABARES national domestic sorghum indicator rose 7% to $304/t in the week ending 19 July, its first move above $300/t since September 2015.
Dry conditions and tight old-crop supply are lifting domestic sorghum values and pricing exports out of the market, which supports feed grain costs for buyers. Rain forecasts are the main factor that could cap further gains.
graincentral.comGuest AuthorJul 31, 2017Not enough comparable past events yet for a historical read.
After 1,465 past bullish weather events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.9% over 20.
Not 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.
