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China's Ministry of Commerce opened anti-dumping and countervailing duty investigations into U.S. grain sorghum imports in early February. The probe is a retaliatory move in the escalating U.S.-China trade dispute, and it has hit U.S. sorghum growers directly.
China is the dominant buyer of U.S. sorghum, so an investigation that could last a year or more threatens export demand and pressures domestic sorghum prices and basis.
wsj.comWilliam MauldinMar 3, 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.
