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China has committed to buying 77.4 million bushels of US sorghum for the 2017-18 marketing year, about 16% of this year's crop. US sorghum production fell to 356 million bushels from a 597 million bushel record in 2015.
Chinese demand remains important for US sorghum, but shrinking US production and declining purchases may limit price support for feed buyers.
agri-pulse.comBill TomsonNov 29, 2017Not 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.
