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May corn futures rose 13.5 cents (3.7%) in the week after the coronavirus selloff, with managed money funds turning net buyers. Weekly export sales were 769,200 MT of net corn sales, and sorghum sales of 71,600 MT were large, with year-to-date sorghum bookings up 99%.
Solid export demand and fund buying support corn and sorghum prices, with cash basis strength showing tight nearby supplies for feed buyers.
grains.orgMar 5, 2020grains.orgMar 5, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
