# Milo Market Mauled by Dragon

> 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.

- Date: 2018-03-07 · published 2018-03-07T12:00:00.000Z
- Category: trade · region China · magnitude high
- Page: https://feedsoft.ai/events/66062-milo-market-mauled-by-dragon
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

With China absorbing most U.S. sorghum exports, a full import halt removes the main demand source and pushes sorghum prices below corn.

## Read by commodity

- CORN: bullish ▲
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-29 | [Corn Market](https://feedsoft.ai/events/47628-corn-market.md) | +5.9% | -6.0% |
| CORN | 2024-02-01 | [Barley market prospects](https://feedsoft.ai/events/32193-barley-market-prospects.md) | -4.7% | -6.6% |
| CORN | 2021-04-26 | [Trade is driving force in market](https://feedsoft.ai/events/9401-trade-is-driving-force-in-market.md) | +13.6% | +6.9% |
| CORN | 2019-12-13 | [Ag Markets Close on Daily Highs](https://feedsoft.ai/events/6299-ag-markets-close-on-daily-highs.md) | +3.9% | +4.7% |
| CORN | 2020-10-26 | [Weekly Corn Market Review](https://feedsoft.ai/events/5714-weekly-corn-market-review.md) | +0.3% | +10.2% |

## Sources

- hutchnews.com: https://www.hutchnews.com/story/news/local/kansas-agland/2018/03/07/milo-market-mauled-by-dragon/13359952007/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.