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Grain sorghum harvest began in South Texas and the Lower Valley, with some fields waiting for muddy ground to dry after recent rain. USDA cash grain sorghum prices fell 30 cents to $5.36 per hundredweight in the week before.
Early harvest progress and softer cash prices point to ample near-term US sorghum supply, a mild bearish factor for feed grain buyers. Yield results from the harvest will determine whether that pressure holds.
southtexasnews.comJason Clay JanskyJul 5, 2017Not 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.
