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A team of Mexican end-users toured Texas and Kansas sorghum operations in late April, organized by the U.S. Grains Council to explore direct sales. Mexico has returned as a reliable buyer of US sorghum as Chinese purchases diminished.
Mexico absorbing US sorghum volumes that China no longer takes supports domestic sorghum demand and partly offsets the China loss. The effect on prices is modest because this is a trade-promotion update.
grains.orgrwinkertMay 2, 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.
