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Chinese buyers are bidding for U.S. sorghum for April and May shipment, according to people familiar with the negotiations. The purchases signal that China is returning to U.S. farm goods mainly when they are priced attractively.
Fresh Chinese demand for U.S. sorghum supports export basis and futures, though the buying is price-driven and could fade if U.S. prices rise.
bloomberg.comIsis Almeida, Michael HirtzerFeb 25, 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.
