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China halted all milo imports from the U.S. after new U.S. tariffs on Chinese solar panels and washing machines, leaving Gulf grain companies with no bids. Local sorghum prices collapsed after trading had been 15 to 20 cents over corn.
China has historically taken 80 to 90% of U.S. sorghum exports.
With China absorbing most U.S. sorghum exports, a full import halt removes the main demand source and pushes sorghum prices below corn.
hutchnews.comVance Ehmke Kansas AglandMar 7, 2018Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% over 20.
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.
