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USDA's February WASDE forecasts China's 2019/20 sorghum imports at 900,000 tonnes, up 38% from the prior year. World sorghum trade is forecast at 3.7 Mt, slightly higher, but still down about 60% over five years.
Australian production is projected to be the lowest since 1969/70.
Higher Chinese import demand and tight Australian supply support U.S. sorghum export prospects, though volumes remain small compared with the 2015 peak.
graincentral.comGrain CentralFeb 12, 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.
