Sorghum
A drought hardy feed grain whose US crop swings on Chinese buying.
Overview
Around 60 million tonnes yearly come from the US, Nigeria, Sudan, and India, and US sorghum, mostly Kansas and Texas dryland, ships to China because corn import quotas do not bind it. Trade war tariffs whipsawed the market in 2018, and Chinese buying waves doubled Gulf basis overnight in 2015 and 2021. Feed use dominates globally with food in Africa and India, plus syrup and brewing slivers. It tolerates drought, filling the southern plains rotation after failed cotton. No deep futures market exists, so prices basis Chicago corn, and Kansas cash trade sets the tone.
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