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Texas ethanol producers have been buying discounted sorghum since China announced a 178.6% tariff on US sorghum in mid-April. The Texas Farm Bureau says the duty hurt Texas sorghum farmers, which is the second-largest sorghum state.
Ethanol buyers absorbing discounted sorghum supports local cash basis for feed grain while the export outlet to China is shut.
texasfarmbureau.orgJulie TomascikMay 2, 2018Not enough comparable past events yet for a historical read.
Not 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.
