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Australian sorghum bids rose $10 to $322 a ton after China set anti-dumping deposits of 178.6% on US sorghum imports. The deposit effectively halts US sorghum shipments to China, and Australian supply is also tighter after last year's drought.
Halting US supply to China shifts demand to Australian sorghum, supporting Australian prices and competing exporters. The drought-reduced Australian crop limits how much of the gap can be filled.
reuters.comApr 18, 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.
