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CHINA HAS IMPORTED 63% OF U.S.' ENTIRE 2020 SORGHUM CROP
Feb. 15, 2021
Source: National Sorghum Producers
Export sales were strong again last week with China committing to purchase another 4.3 million bushels of old crop sorghum and taking delivery of another 2.2 million.
The purchases bring total commitments to 233 million bushels or 63 percent of the 2020 U.S. sorghum crop. If the marketing year ended today and China took delivery of its existing purchases, the country would have imported 62 percent of the all sorghum grown in the U.S. in 2020.
Basis was mostly flat across the Sorghum Belt given almost nonexistent stocks, but basis in outlying areas continued to strengthen as merchandisers scrambled to find available sorghum.
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