date:May 30, 2016
Chinas efforts to cut its domestic corn stocks by shunning imports and alternatives have already roiled U.S. sorghum and renewable fuel markets, and are now poised to hit U.S. wheat prices just as a bumper harvest rolls in.
China announced two months ago that it planned to scrap its corn stockpiling system, which had left it with the biggest corn supplies in the world, put premiums on domestic prices and brought a flood of corn and alternative feed imports.
Now, sorghum is piled up in Kansas,