# Sorghum news lifts market

> 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.

- Date: 2018-05-18 · published 2018-05-18T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/65074-sorghum-news-lifts-market
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: neutral
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-09-02 | [Chinese market reopened for Argentine sorghum](https://feedsoft.ai/events/51169-chinese-market-reopened-for-argentine-sorghum.md) | +0.4% | +5.4% |
| CORN | 2019-01-16 | [India's MMTC receives urea tender offers \| Latest Market News](https://feedsoft.ai/events/61027-india-s-mmtc-receives-urea-tender-offers-latest-market-news.md) | +1.2% | +2.8% |
| CORN | 2022-01-28 | [Urea market finds liquidity following news of India’s potential return](https://feedsoft.ai/events/43453-urea-market-finds-liquidity-following-news-of-india-s-potential-return.md) | +1.3% | +11.5% |
| CORN | 2024-03-25 | [Trump victory ushers in ag trade uncertainty \| Latest Market News](https://feedsoft.ai/events/14769-trump-victory-ushers-in-ag-trade-uncertainty-latest-market-news.md) | -4.9% | -6.9% |
| CORN | 2023-10-02 | [Sorghum, soybean export inspections up on week - Brownfield Ag News](https://feedsoft.ai/events/33685-sorghum-soybean-export-inspections-up-on-week-brownfield-ag-news.md) | +2.7% | +2.6% |

## Sources

- farmprogress.com: https://www.farmprogress.com/marketing/sorghum-news-lifts-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.