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The US Grains Council reported that its April 2023 China trade mission and June export sorghum conference connected Chinese buyers, responsible for about 70 percent of sorghum purchases, with US merchants. Export figures rose immediately afterward, and buyers are expected to keep purchasing through fall 2023.
Strong Chinese demand for US sorghum, driven by baijiu production and feed use, supports US sorghum export prices and reinforces China as the main outlet. Sustained buying would tighten US supplies available to domestic feed users.
grains.orgFeb 14, 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.
