China cancels purchase of 132 thsd tons of US wheat due to falling prices

Monday, December 29, 2025. All transactions involving the sale of 100,000 tons or more of wheat on the same day and to the same destination must be reported to USDA. The cancellation comes amid a significant decline in global wheat prices. Soft red winter wheat futures on the Chicago Mercantile Exchange recently hit their lowest level since August 2020, around $5.28 per bushel, before recovering somewhat. Analysts say China, as one of the largest importers of grain, is sensitive to price changes and is looking for cheaper ...