China's wheat imports could decline in 2024, with shipment cancellations and delays raising concerns of weakening demand. What's really behind the surprise move?
The article isn’t about Americans being upset, just noticing a trend in the market.
The wheat market in general has had better growing and shipping conditions now than two years ago, including within China’s internal market. If China is growing more wheat internally and can get a decent deal on Russian wheat due to Russian sanctions, it makes sense that China wouldn’t need to buy as much from other markets.
The article isn’t about Americans being upset, just noticing a trend in the market.
The wheat market in general has had better growing and shipping conditions now than two years ago, including within China’s internal market. If China is growing more wheat internally and can get a decent deal on Russian wheat due to Russian sanctions, it makes sense that China wouldn’t need to buy as much from other markets.