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The CEO of National Sorghum Producers says Chinese buyers have purchased 26% of the current US sorghum crop as harvest begins, after taking about 80% of the prior year's exports. He describes growing value-added and biofuel uses for the crop.
Strong Chinese purchase commitments support export demand for US sorghum, which is supportive for prices, though the piece is largely promotional commentary.
hpj.comDave BergmeierSep 22, 2021Not 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.
