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Kansas sorghum farmers are feeling the effects of the trade war, as China has been the largest buyer of the crop. Prices dropped about 40 cents after China launched an anti-dumping probe in February, and stayed low after China retaliated with tariffs in July.
Kansas harvested over 200 million bushels in 2017.
Loss of Chinese demand for Kansas sorghum, the largest U.S. crop, keeps export-dependent prices under pressure. Lower-priced sorghum also reduces its competitiveness as a feed grain.
hpj.comHPJ StaffAug 7, 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.
