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A John Duff opinion piece says farmers want fair trade but economic pain from the China dispute is intense. It cites USDA data showing U.S. sorghum farmers exported 63% of the 2017-18 crop, 49% of it to China.
The piece says China's purchases matter across many U.S. commodities.
Heavy reliance on Chinese demand means any prolonged dispute keeps sorghum export demand and basis under pressure. The effect on prices is reinforced by the wider trade-war backdrop.
farmprogress.comJul 30, 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.
