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China has accelerated sorghum purchases from Argentina, booking at least 80,000 tonnes for arrival from July. The buying comes as Chinese importers diversify away from US and Australian supplies amid trade disputes.
Chinese demand shifting to Argentina supports South American sorghum prices and export flows, while reduced US and Australian sales to China weigh on those origins' sorghum basis.
wita.orgHallie Gu, Hugh Bronstein, ReutersJun 10, 2020Not enough comparable past events yet for a historical read.
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.
