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Australian sorghum continues to trade above milling wheat values, which the author attributes to growing use in Chinese baijiu production. Baijiu is a very large liquor market, and the author suggests Australia could fill the gap left by falling US sorghum sales to China.
A new non-feed demand source for sorghum supports prices and export opportunities for Australian producers as US supply to China shrinks.
farmonline.com.auRichard KochApr 29, 2025Not 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.
