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Chinese purchases of U.S. sorghum have surged since the Phase 1 trade deal took effect on February 14. USDA weekly commitments hit a record 31.8 million bushels in mid-August, with China leading the buying.
Large Chinese sorghum commitments tighten U.S. export supply and support sorghum prices, making sorghum a more competitive feed grain for buyers.
farmprogress.comJohn DuffSep 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.
