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A Chinese importer delegation toured Kansas sorghum farms, an ethanol plant and export terminals as part of a U.S. Grains Council promotion. The importers said China will pay a premium for high-quality sorghum, and Kansas exported over 75% of its 2014-15 sorghum crop, mostly to China.
The visit is a promotional event that reinforces existing Chinese demand for U.S. sorghum. It has little direct price impact beyond supporting ongoing export interest.
farmprogress.comWalt Davis 1Nov 8, 2016Not 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.
