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A Kansas grower recounts that sorghum values fell as much as 25% overnight on February 5 after China launched trade investigations into U.S. grain sorghum. Local milo bids dropped as much as $1 per bushel once Gulf bids disappeared.
The piece also notes deepening drought in Kansas ahead of the 2018 planting season.
The China probe removed a key export outlet and drove sharp local basis and cash price losses, while Kansas drought adds supply uncertainty for the crop.
hpj.comHPJ StaffMar 26, 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.
