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Sorghum Exports are Booming

By Ken Anderson

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The export market for U.S. grain sorghum is red hot.

According to data from the USDA, for the week that ended December 18th, sales of sorghum abroad totaled nearly 600-thousand metric tons. That’s the largest weekly export total for sorghum since 1995 and the second largest total on records dating back to 1990.

More than half of those sales went to China. The Chinese started buying more U.S. sorghum this year after they stopped buying U.S. corn over GMO concerns.

China surpassed Mexico in the past season as the biggest buyer of U.S. sorghum.

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Fund year end, end of quarter and end of month selling has weighed on the grain markets. Will the USDA provide a gift in January, and do seasonals kick in? Rumors that China was buying U.S. corn are adding fuel to the fire.