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Australia's sorghum harvest is wrapping up in Central Queensland, with the national crop estimated at 1.4 million tonnes, in line with ABARES. Trade sources estimate about 400,000 tonnes will be exported to China, and 250,000 tonnes has already shipped or is loading.
Export demand from China supports Australian sorghum prices, but a broker expects little new Chinese business as the US crop returns from late July, which could cap prices in the second half of the year.
graincentral.comLiz WellsJun 22, 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.
