# Sorghum basis almost a dollar lower - Brownfield Ag News

> The chairman of National Sorghum Producers says sorghum basis has fallen almost a dollar from last harvest because sorghum still faces a 25% Chinese tariff and China buys far less than in 2016 and 2017. He also said growers need a farm bill this year.

- Date: 2018-11-14 · published 2018-11-14T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/62132-sorghum-basis-almost-a-dollar-lower-brownfield-ag-news
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Weaker sorghum basis lowers local cash values and reflects reduced export demand from China, which keeps domestic sorghum prices under pressure relative to futures.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/sorghum-basis-almost-a-dollar-lower/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.