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Texas sorghum farmers and the Planters Co-Op are dealing with weak demand from China amid the trade war, with the old-crop sorghum still in storage. This year's crop will be harvested starting in late June or early July.
Continued Chinese trade disruption reduces export demand for US sorghum, which is a key feed grain export to China, pressuring Gulf sorghum basis.
Not 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.