Loading…
Chinese officials reportedly advised leading importers to stop buying barley and sorghum from November through Q1 2025 to reduce domestic oversupply. Already contracted supplies are not affected.
China's sorghum imports reached 5.21 million tons in the first seven months, with the US supplying over 80%.
A purchase halt from China removes a major demand source for US and Australian sorghum and barley, which is bearish for export prices and basis.
tridge.comSep 14, 2024Not 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.
