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China remained the top market for U.S. sorghum in the 2020/21 marketing year. Chinese imports reached 6.78 million metric tons, about 94% of U.S. sorghum exports, which rose nearly 40% to 7.18 million metric tons.
Heavy dependence on Chinese buying makes U.S. sorghum prices sensitive to Chinese trade policy and purchase pace.
grains.orgAug 10, 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.
