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China's sorghum consumption is forecast at 8.9 million tonnes for 2017-18, up from 8.8 million in 2016-17 but below the 2015-16 peak of 11 million. Most of the supply will be imported, largely from the United States, as DDGS imports decline and livestock feed use grows.
Steady Chinese sorghum import demand supports U.S. sorghum exports, while a shift away from DDGS toward sorghum tightens substitute feed markets and can lift sorghum prices.
dpointernational.comThemeGrillJan 3, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
