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Sorghum prices at the Texas Gulf have slipped since China's announcement, with immediate shipments from Corpus Christi priced around $181.29 per ton before shipping, a one-month low. The report describes a sorghum cargo fleet turning back at sea after the tariffs.
Chinese cancellations leave US sorghum without its main export outlet, pressuring Gulf prices and forcing cargoes to seek other buyers at discounts. Weak export values are bearish for US sorghum farm prices.
reuters.comKarl PlumeApr 20, 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.
