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The US Grains Council's China-focused sorghum programming in April and June connected Chinese buyers, who account for roughly 70% of exported sorghum purchases, with US merchants. Chinese buyers are purchasing large volumes of US sorghum, with China representing 80.7% of US sorghum trade value.
Sustained Chinese buying of US sorghum, expected through fall 2023, supports export demand and US sorghum prices relative to competing origins.
oklahomafarmreport.comAimee CarlisleSep 7, 2023Not 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.
