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China withdrew its probe into US sorghum after a deposit scheme had stopped trade and left almost two dozen ships carrying US sorghum stranded at sea. Cargoes were being sold at deep discounts elsewhere as merchants scrambled.
Resuming Chinese purchases of US sorghum restores a major export outlet and should support US sorghum prices after the disruption.
reuters.comHallie GuMay 18, 2018Not 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.
