# Phase One Trade Deal Lifting Sorghum Prices Higher -

> China's tariff exclusions under the Phase One agreement have boosted US sorghum export demand. Export commitments have more than doubled the volume sold in 2018/19, and China accounts for about 75 percent of US commitments. Sorghum prices have reached their highest levels since July 2015.

- Date: 2020-08-10 · published 2020-08-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/51676-phase-one-trade-deal-lifting-sorghum-prices-higher
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Heavy Chinese buying against shrinking US domestic sorghum acres tightens supply and lifts prices, which feed buyers will face through the harvest. Sorghum has been trading at a slight discount to corn, but that gap has narrowed.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-09-02 | [Phase One Trade Deal Now in Final Quarter -](https://feedsoft.ai/events/44958-phase-one-trade-deal-now-in-final-quarter.md) | -3.0% | -5.5% |
| CORN | 2019-10-11 | [Trump announces 'phase one' trade deal with China](https://feedsoft.ai/events/56427-trump-announces-phase-one-trade-deal-with-china.md) | +2.8% | +0.3% |
| CORN | 2019-01-23 | [A Trade Deal and Corn Prices - ProAg](https://feedsoft.ai/events/60964-a-trade-deal-and-corn-prices-proag.md) | +0.7% | +0.1% |
| CORN | 2019-12-16 | [Factbox: What is actually in the U.S.-China 'Phase One' trade deal?](https://feedsoft.ai/events/55443-factbox-what-is-actually-in-the-u-s-china-phase-one-trade-deal.md) | +4.2% | +4.8% |
| CORN | 2025-05-01 | [US export demand pulls corn prices higher — TradingView News](https://feedsoft.ai/events/24703-us-export-demand-pulls-corn-prices-higher-tradingview-news.md) | -3.8% | -1.4% |

## Sources

- allagnews.com: https://www.allagnews.com/phase-one-trade-deal-lifting-sorghum-prices-higher/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.