Loading…
China retaliated against new U.S. tariffs on solar panels and washing machines by launching an anti-dumping probe into U.S. sorghum, and sorghum prices fell sharply with buyers posting 'No Bid' at the Gulf. About 63% of U.S. sorghum output is exported, with China taking most of those shipments.
China is the dominant buyer of U.S. sorghum, so the probe threatens a major feed-grain outlet and pressures cash bids, especially in Kansas. Traders also flag soybeans and beef as possible next targets if the dispute widens.
farmprogress.comWalt Davis 1Feb 15, 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.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
