China Is Lured Back to U.S. Farm Buying Thanks to Cheap Sorghum
- Chinese buyers are bidding to buy U.S. sorghum for April, May
- Sorghum interest signals China is buying what’s cheaper
Photographer: Carla Gottgens/Bloomberg
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China is back in the market for U.S. sorghum this week, signaling the world’s top food importer is willing to buy U.S. agricultural products only when they are cheaper.
Chinese buyers are bidding for U.S. supplies that are for shipment in April and May, according to people familiar with the matter, who asked not to be identified because the negotiations are private.