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The U.S. Grains Council is funding research into sorghum use in baijiu, a Chinese distilled spirit where sorghum can make up to 50% of the grain. Two vessels of U.S. sorghum have already been sold to China in 2019 for baijiu, with buyers agreeing to pay an extra 25% duty if trade talks are unresolved on arrival.
A new non-feed demand channel for U.S. sorghum in China could support export volumes, though the volumes shown are small.
grains.orgrwinkertApr 11, 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.
