IDAHO WHEAT COMMISSION

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China's Large Purchase of U.S. Wheat is Rare, but Not Unprecedented

Signs of life for the sluggish U.S. wheat market arrived on Tuesday with confirmation that China had purchased an unusually large volume of U.S. wheat for the first time in over two years. The U.S. Department of Agriculture (USDA) reported a deal for 220,000 metric tons of U.S. soft red winter wheat for shipment to China in 2023-24, the U.S. marketing year that began June 1. That was the first daily sale of U.S. wheat to any destination since November.

Read more about China's U.S. wheat purchase here