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Grain company Scoular reports that sorghum bids in the Gulf of Mexico have nearly vanished after China's 179% tariff. Sorghum must now fall to attract buyers, and Mexico is a possible destination.
The same Scoular account of collapsed Gulf bids and the need for lower sorghum prices is repeated here, confirming weak US sorghum demand. Lower prices relative to corn lift its appeal in feed.
agnetwest.comDanApr 25, 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.
