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Scoular, a major U.S. sorghum handler, reported strong earnings helped by Chinese sorghum purchases under the phase-one deal. Outstanding sales for the current season are at their highest in at least six years, per USDA data.
Record-level outstanding sales to China signal firm export demand that supports U.S. sorghum prices.
ajot.comBloombergOct 23, 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.
