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Chinese baijiu producers are buying Australian sorghum in container volumes, providing a niche source of demand. The Chinese feed sector is not buying Australian sorghum, and the global sorghum market remains weighed down by a feed grain glut.
Small but steady baijiu orders offer some price support for Australian sorghum, though the broader feed grain glut limits upside for feed buyers.
farmonline.com.auGregor HeardFeb 3, 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.
