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Texas sorghum growers are worried after Trump threatened to raise tariffs on about $200 billion of Chinese goods, with tariffs currently at 10% to 25%. China has been a rebounding buyer of Texas sorghum, which is largely used as animal feed, and a shipment was sold in March.
Higher Chinese tariffs threaten the main export outlet for U.S. sorghum, which weighs on sorghum cash prices and could push Texas sorghum basis lower. Feed buyers should expect firm US sorghum competition to ease if China stays out.
expressnews.comLynn BrezoskyMay 8, 2019Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
