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U.S. Grains Council staff met virtually with five Chinese sorghum importers to discuss recent purchases and the upcoming harvest. USDA had reported record weekly sales of 809,886 metric tons to China for the week ending August 6.
Reassurance on U.S. supply supports continued Chinese buying, which underpins sorghum export demand and prices.
Not 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.