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China's anti-dumping duty of 178.6% on US sorghum leaves the sector in a precarious position, according to market sources. US sorghum acreage has shrunk to 5.6 million hectares, and China took nearly 89% of last marketing year's exports.
Loss of China, which took most US sorghum exports, will require new buyers at lower prices. Smaller acreage limits how much supply will need to be absorbed, partly offsetting the demand loss.
agricensus.comApr 17, 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.
