IDAHO WHEAT COMMISSION

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Asia’s Pledge to Boost U.S. Farm Imports May Redraw Trade Flows

Southeast Asian trade deals are set to boost U.S. grain and oilseed exports, displacing supplies from Australia, Canada, Russia, and South America. Driven by lower U.S. prices and tariff reductions, nations like Indonesia, Bangladesh, Vietnam, Thailand, and the Philippines are increasing purchases of U.S. wheat, corn, soybeans, and soymeal. The U.S. has regained competitiveness, with wheat, corn, and soymeal priced at or below rival exporters. Analysts say this shift could reshape global trade flows, pressuring suppliers from the Black Sea and South America while securing a stronger U.S. foothold in Asia, which accounts for 30% of global wheat, corn, and soymeal imports.