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GRU - Total United States Grain Exports To China Lower Year On Year But There Is A Silver Lining
AB Svensk Ekportkredit ELEMENTS Linked to the MLCX Grains Index - Total Return
United States grain exports to China so far this year reached almost 11 million tonnes according to IHS Markit cargo flow tool Commodities at Sea. Year on year, for the first eight months of this year, total major grain exports to China including soybeans is lower by about 14%. However, behind the numbers, we can notice that not all grain grades exports are lower. Sorghum and corn exports to China are much higher year on year with sorghum exports reaching about 2.7 million tonnes this year carried in dry bulk ships bigger than 10,000