Loading…
China committed to buy another 4.3 million bushels of old-crop sorghum in the week and took delivery of 2.2 million more. Total Chinese commitments reached 233 million bushels, or 63% of the 2020 U.S. sorghum crop, and basis in outlying areas strengthened as merchandisers sought supplies.
Chinese commitments equal to most of the U.S. crop leave very little sorghum available, supporting basis and prices for domestic feed buyers.
agrimarketing.comFeb 15, 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.
