Loading…
Australian sorghum producers say a US-China deal allowing China to resume buying US sorghum will not significantly hurt them, since most had already sold the 2018 crop. Upcountry Australian prices fell $20-30/t on the news before stabilizing, with Darling Downs prices near $400/t.
Renewed Chinese access to US sorghum adds competing supply, but strong Chinese and feedlot demand for Australian grain should keep regional prices firm.
farmonline.com.auGregor HeardMay 29, 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.
