China's Impact on US Agriculture

China unexpectedly buys US soft red winter wheat amid a global wheat price decline and Australian drought. More wheat sales to China may affect USDS carryout numbers. Soybean sales to China increase after recent price drops. Wheat leads gains, corn approaches $5, and soybeans may have bottomed. Cattle futures decline due to technical factors, with […]

Heartland Market Talk
Heartland Market Talk
China's Impact on US Agriculture
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China unexpectedly buys US soft red winter wheat amid a global wheat price decline and Australian drought. More wheat sales to China may affect USDS carryout numbers. Soybean sales to China increase after recent price drops. Wheat leads gains, corn approaches $5, and soybeans may have bottomed. Cattle futures decline due to technical factors, with box beef prices down.

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