IDAHO WHEAT COMMISSION

News

China Cancels Large Wheat Purchases

China recently canceled several orders of wheat from various countries, including the U.S. China canceled more than 500,000 metric tons of U.S. soft red winter wheat contracts purchased this year, said Tyllor Ledford, market analyst at U.S. Wheat Associates. China also canceled more than 1 million metric tons of contracts with Australia and 500,000 metric tons of wheat from France. "We are seeing something that no one in the industry wants to see," said Steve Mercer, vice president of communications for U.S. Wheat, the overseas marketing arm for the industry. "It is very disappointing to see China canceling huge volumes of U.S. wheat commercial sales."

Read more here