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China bought 65,000 metric tonnes of U.S. sorghum, its largest purchase since Beijing imposed a 25 percent tariff on American grains in July. The sale followed the autumn U.S. harvest, which brought new sorghum supplies to market.
Chinese buying of U.S. sorghum supports U.S. sorghum export demand and prices, which feed into feed-grain values. The purchase is a modest but meaningful sign of trade flows resuming despite tariffs.
sorghumgrowers.comsorghumMar 7, 2019
caller.comChris RamirezMar 11, 2019
reuters.comTom PolansekMar 7, 2019
world-grain.comMar 8, 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.
