Farm Progress

Sorghum news lifts market

China ends import penalty as trade talks continue. (Video report)

May 18, 2018

1 Min Read

U.S. sorghum growers were caught in the crosshairs of the U.S.-China trade dispute this winter when China imposed severe penalties on imports of the feed grain in retaliation for U.S. tariffs. China had stepped up its purchases of “milo” due to rising corn prices there, but the trade tiff choked off that business. China today announced it was lifting the penalty, though actual progress in the trade talks was unclear. The move sent futures higher overnight on hopes for a rebound in other exports.

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Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.

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