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Chinese importers booked at least two cargoes of Argentine sorghum, expected to arrive from July, as they diversify away from Australia and the U.S. amid trade disputes. Reuters sources called it possibly spot business.
Shifting Chinese demand to Argentine origin adds competing supply in export markets, a modest bearish factor for U.S. sorghum export pricing.
feedandgrain.comOct 2, 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.
