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The US and Japan signed an agreement that eliminates or reduces tariffs on $7.2 billion of US food and farm products, including the 3 percent tariff on grain sorghum. The sorghum tariff elimination is expected to take effect in January 2020.
Duty-free access to Japan should support US sorghum export demand, mainly for Japanese poultry feed, modestly lifting sorghum prices over time.
smartfood.orgOct 1, 2019Not 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.
