Loading…
USDA reported a 126,000-tonne daily export sale of US sorghum to Chinese buyers, the first purchase of that size in over three years. China is the top export market for US sorghum, used for feed, ethanol and baijiu.
Large Chinese demand supports US sorghum exports, which USDA has raised to 240 million bushels, tightening ending stocks and supporting sorghum prices relative to weaker corn.
straitstimes.comFeb 22, 2024Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
