# Market Perspectives – March 5, 2020 - U.S. Grains & BioProducts Council

> 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%.

- Date: 2020-03-05 · published 2020-03-05T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7991-market-perspectives-march-5-2020-u-s-grains-and-bioproducts-council
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Solid export demand and fund buying support corn and sorghum prices, with cash basis strength showing tight nearby supplies for feed buyers.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲
- OCEANFRT: neutral

## Sources

- grains.org: https://grains.org/market_perspectives/market-perspectives-march-5-2020/
- grains.org: https://grains.org/market_perspectives/market-perspectives-march-5-2020/9/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.