Loading…
China announced it is lifting the penalty duty on US sorghum imports as trade talks continue, though the extent of progress in the broader dispute was unclear. Futures moved higher overnight on hopes of a rebound in other US exports.
Removing the 178.6% deposit reopens China, the largest buyer of US sorghum, which should support US sorghum prices and export demand after months of rerouted cargoes.
farmprogress.comMay 18, 2018Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
