As reported by Reuters earlier this afternoon, China has dropped the anti-dumping probe of U.S sorghum imports.
The investigation has ceased as “measures imposed would affect consumers and were not in line with the public interest'.
This coincides with Liu He, the Chinese Vice Premier, visiting Washington hoping to resolve the trade tensions between China and the United States.
Australian sorghum markets have reacted quickly with the majority of bids pulled shortly after the announcement, while offers remain high. Given the sorghum rally in April was on the back of news of the investigation, the market is expected to soften as US sorghum heads to China once again.