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Japanese buyers purchased 150,000 to 180,000 tonnes of US sorghum on three vessels that had been bound for China. The cargoes were among about two dozen stranded after Beijing imposed a 178.6% deposit on US sorghum.
Rerouting cargoes to Japan keeps US sorghum exports flowing, but at discounted prices, limiting the price hit from China's penalty.
reuters.comYuka ObayashiMay 17, 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.
