date:Jul 05, 2013
tstanding sales to China over 1.5 million tonnes. China holds the largest purchases book of US wheat for this year.
Keep in mind, the Egyptian tender sold by the Black Sea yesterday was only for 180,000 tonnes. Wire services also reported overnight that Australia sold 300,000 tonnes of wheat to China for the next marketing year.
So far this season, China has purchased wheat from the US, France, and Australia as they attempt to expand their supplier base and fill reserves.
This is a positive,