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National Sorghum Producers reports Port Houston, which handles 28% of US sorghum exports, is executing a five-year plan to upgrade infrastructure and efficiency. Over 50% of US sorghum is grown for export, and Texas officials say China buys Texas sorghum at lower cost than domestic grain.
Port efficiency gains can lower handling costs for US sorghum exports, supporting Gulf sorghum basis and demand from Chinese feed buyers over the longer term.
sorghumgrowers.comWritten By: Matthew WinterhollerFeb 19, 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.
