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South Korea imported 59,400 tons of US sorghum, valued at $9.9 million, after a feed buying group made its first US sorghum purchase in over a decade. The sorghum had been rejected from China due to retaliatory tariffs and was redirected through USDA-funded Grains Council marketing efforts.
Redirected sorghum sales to Korea show alternative export outlets for US sorghum displaced from China, supporting demand but at a small scale.
grains.orgOct 16, 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.
