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US Grains Council reports that China has returned to being the top export market for US sorghum after the Phase One trade deal and tariff exemptions. Chinese imports had fallen to near zero during the 2018-2019 trade tensions.
Strong Chinese buying supports US sorghum export demand and basis, which tightens the export balance for US feed grain. The effect is steady rather than a sudden shock.
feedandgrain.comMar 3, 2022Not 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.
