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US sorghum shipments and export purchases are accelerating, with about 1.46 million metric tons shipped and purchases near 2.0 MMT as of mid-December. Most activity is tied to China and unknown destinations believed to be China, with Gulf basis near 106% of corn.
Strong Chinese-linked export demand supports sorghum prices and Gulf basis, tightening available supplies for feed buyers.
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.