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Sorghum Checkoff column says the China market remains shut out a year after China imposed a preliminary 178.6% tariff on US sorghum. The writer points to Mexico, baijiu production and other end users as alternative outlets.
Continued loss of China as a buyer keeps pressure on US sorghum prices and export basis. Diversification to new buyers is a partial offset but not yet enough to restore prior price levels.
farmprogress.comJohn DuffMay 23, 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.
