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Several ships carrying about 1.2 million tonnes of U.S. sorghum changed course after China set anti-dumping deposits of 178.6% on U.S. sorghum imports. At least five of the cargoes were bound for China when the duties were announced.
A prohibitive deposit on Chinese sorghum imports removes a major export outlet, which pressures U.S. sorghum prices and forces cargoes to be redirected to other buyers.
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.
