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The U.S. Grains Council promoted sorghum in Spain in March 2018 after China's investigation threatened U.S. sorghum sales. Spanish buyers have since purchased 430,000 tons of U.S. sorghum, including cargoes diverted from China.
Diversion of U.S. sorghum to Europe shows partial offset to lost Chinese demand, but the volumes are small relative to China's historical purchases, so the net price effect is limited.
grains.orgOct 9, 2018Not 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.
