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    Record chinese imports vs higher russian wheat export.

    04 Feb 2021
    It is a rare week when the US sells 2 Mt to the entire world market. China’s unique purchasing power was on display when it bought that amount in one day, with total purchases for last week of circa 6 Mt! The giant’s appetite for US corn and EU barley has pushed prices to 7 year highs.
    Wheat prices are struggling as Russia announced very strong and surprising January wheat exports of 3.5Mt. We already knew that the corn, barley and soya balance sheets are far tighter than for wheat...

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