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China is buying more U.S. sorghum, which now supplies 85-90% of its sorghum imports, driven by the Phase One trade deal and hog herd rebuilding. USDA reports the U.S. has been the top sorghum exporter to China since 2013-14.
Strong Chinese feed demand supports U.S. sorghum exports and prices, with exports expected to exceed 75% of U.S. sorghum marketing this year.
seedworld.comBarb AndersonNov 12, 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.
