# U.S. sorghum ship heads to Gran Canaria with grain trade all at sea

> A U.S. sorghum cargo bound for Gran Canaria is at sea after being diverted from China, and it is one of almost two dozen cargoes stranded at sea by the move. Importers in China are offering grain at steep discounts to buyers elsewhere.

- Date: 2018-04-26 · published 2018-04-26T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/65408-u-s-sorghum-ship-heads-to-gran-canaria-with-grain-trade-all-at-sea
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Stranded U.S. sorghum cargoes and discounted resale in China add supply pressure and widen the basis, which is bearish for U.S. sorghum prices.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-trade-china-sorghum/u-s-sorghum-ship-heads-to-gran-canaria-with-grain-trade-all-at-sea-idUSKBN1HX08V/

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