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China Purchases More U.S. Wheat
USAgNet - 02/02/2021

China bought 130,000 mt of wheat from US sellers in the week ended Jan. 21, doubling on its purchases made in the previous week, according to latest data from the U.S. Department of Agriculture, showing that China’s interest in US wheat has not waned and imports are expected to continue in the coming weeks.

Freight News reports that China’s total commitments for U.S. wheat have reached 2.6 million mt in the 2020-21 marketing season that runs from June 2020 through May 2021, according to the USDA export sales data released Jan. 28.

This takes China’s commitments to a seven-year high and easily eclipses a record purchase of 1.66 million mt made in 2016-17, according to an analysis of the data.

Of the total 2020-21 commitments, China has already shipped in 1.75 million mt, leaving roughly 831,000 mt of wheat in outstanding sales, the USDA data showed.

China is now the third largest buyer of U.S. wheat in 2020-21, higher than Japan, which traditionally has been one of the biggest buyers of U.S. wheat.

China remains on a buying spree of grains since the early part of 2020 as it continues to build its domestic reserves while a remarkable recovery of its pig population pushes up demand.

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