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China made its first purchase of U.S. sorghum in over a year, a small volume of about 2.5 million bushels. Total U.S. sorghum export sales remain below 35 million bushels, far under the more than 200 million bushels exported a year earlier.
Sorghum groups say Chinese end users still want to buy U.S. product.
China was historically the largest buyer of U.S. sorghum, so a resumption of purchases supports export demand and cash prices. The volume is small, so the effect on prices is likely limited until more sales follow.
brownfieldagnews.comMar 7, 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.
