AUDIO: Tom Sleight, U.S. Grains Council
United States grain exports to China contribute to the world demand for corn, soybeans and other grains. The price of these commodities may go down if China cuts off grain imports.
China recently placed a stiff tariff on U.S. grain sorghum with the claim that the United States was dumping it onto the world market. The crop is grown in areas that would like to grow corn, but do not have enough water or have other factors that would make it too risky to plant corn. Most milo and/or grain sorghum is grown in Texas, Kansas, Oklahoma and Nebraska.
I spoke with U.S. Grains Council president and chief executive officer Tom Sleight about what has happened to U.S. sorghum since China imposed the tariff. I also asked him what the Council is working on now for sales of crops they represent in the world market, primarily corn, barley, grain sorghum and their by products.
AUDIO: Profit Matters 4-25-18