China reserves two shipments of US wheat. Traders believe it is a political move

of U.S. soft wheat and one shipment of spring wheat, the sources said. “This is more of a demonstration of China’s willingness to buy U.S. grain as U.S. wheat is not currently the cheapest on the market,” said a Singapore-based trader familiar with the deals. China imported 1.9 million tonnes of U.S. wheat in 2024, accounting for 17% of its total imports. However, China has reduced its overall wheat imports this year after a bumper harvest. Wheat imports in January-September fell by 72% compared to the same period last year. In another positive sign on the trade front, a shipment of sorghum from the United States was sent to China after the Trump-Xi meeting, Mark Wilson, chairman of the U.S. Grains and Bioproducts Council, told Reuters. The United States has shipped 5.7 million tons of sorghum to China in 2024, accounting for 66% of the country’s imports of the grain. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which ...