China's rapid buying spree has led to a substantial rally in Chicago soft red winter wheat prices. China has purchased around 87% of the USDA's allotted soft red winter wheat through June 1, impacting export numbers and likely reducing the carryout.
Heartland Market Talk
China's Dominance in the Wheat Market
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China's rapid buying spree has led to a substantial rally in Chicago soft red winter wheat prices. China has purchased around 87% of the USDA's allotted soft red winter wheat through June 1, impacting export numbers and likely reducing the carryout.
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