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Despite China's government signaling it wants to block U.S. sorghum, USDA data showed Chinese purchases lifted weekly U.S. sorghum sales 73% in the week to Feb. 8.
Chinese feed mills continue to seek the grain, which is cheaper than imported corn.
Strong feed-mill demand offsets the policy risk and supports sorghum export values, partially cushioning the price drop. Continued buying would limit downside.
agri-pulse.comBill TomsonFeb 21, 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.
