American Crystal Sugar Company beet stock brokered sales have been active the past few weeks and pushed prices to record levels. According to Acres & Shares broker, Jayson Menke, 1,491 shares have been brokered the past two weeks and the highest sale was 20 shares at $5,350 per share – a record for brokered sales. For the trading season which started August 11, 2,023 shares have been brokered for an average price of $5,054.30 per share. “I think it’s important to remind people ACSC beet stock is very thinly traded,” said Menke. “Out of the 40 some sales this season, only nine have been more than $5,100 per share. If don’t see many new listings in the short-term prices could trend up, however, an influx of shares based on record prices could temper the market.” On a weekly basis, Menke tracks brokered sales from the three beet stock brokerage firms.
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