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Chinese grain merchants trying to resume U.S. sorghum purchases after Beijing ended its anti-dumping probe in May are finding supplies tight. Many cargoes had already been sold to other countries and to U.S. ethanol makers during the trade dispute.
Tight U.S. availability combined with renewed Chinese demand supports sorghum prices and may keep export buyers competing for limited supply.
feedandgrain.comDec 1, 2020Not 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.
