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The Interstate Grain elevator on the Corpus Christi Ship Channel is idle, leaving local sorghum farmers with only one export outlet. Farmers say the lack of competing bids cost them about $0.30 per bushel due to tariffs and weak China trade.
Reduced export capacity in the Texas Gulf widens local sorghum basis and lowers farm-gate prices. Its effect on world prices is small.
kristv.comSep 4, 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.
