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Texas sorghum farmers are holding back part of their harvest as prices have tumbled amid the U.S.-China trade war. China, the largest buyer of U.S. sorghum at about $1 billion a year, has faced a 25 percent tariff on U.S. grains since early July.
Many farmers are stockpiling in hopes of a trade deal.
China's tariff has cut off a major export outlet for U.S. sorghum, adding supply to domestic markets and pressuring prices. Farmer stockpiling delays sales and can keep near-term prices depressed until a trade resolution.
eu.statesman.comAug 4, 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.
