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USDA export sales data showed 16 million bushels of U.S. sorghum sold in the week to November 3, one of the highest weekly totals on record. Export commitments stand at 58 million bushels, with China taking 40 million bushels of that total.
A record weekly sales pace is a strong demand signal that supports U.S. sorghum prices and reduces available exportable supply. Chinese buying is the main driver.
farmprogress.comNov 3, 2016Not 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.
