China's customs suspended import qualifications for six US companies on April 4, including one sorghum exporter and three poultry meat and bone meal exporters, citing Zearalenone and mold in sorghum and salmonella in poultry meal. Two poultry product exporters were also affected, and a separate notice cited a prohibited drug found in US poultry.
Losing approved exporters removes US sorghum and poultry meal supply from China, adding to trade friction and likely weighing on US sorghum and MBM export prices.
Not enough comparable past events yet for a historical read.
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.