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New-crop sorghum prices rose $5 to $7 a tonne last week as Chinese importers chased new-crop bulk and container offers. Darling Downs sorghum for February and March climbed above $330 delivered, with Brisbane above $350 a tonne.
Traders linked the rally to renewed Chinese interest in US sorghum after trade relations thawed.
Stronger Chinese demand for Australian sorghum supports export prices and tightens available supply for feed buyers. Renewed US sales to China could limit that upside later.
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.