Why is China buying wheat from the US again?

These are the first such purchases in over two years, specifically since July 2021 - reports the German Agrarheute. In the 2023/24 marketing year, American traders will send 220,000 tons of winter wheat to China. Exports of American wheat to China are slowly increasing, as confirmed by the US government Department of Agriculture (USDA). Wheat and soybeans flow to China The interruption in grain imports from the US was not so much political, but economic, analysts point out. Recently, wheat prices in the USA have dropped significantly, which is why American wheat is becoming more attractive on the world market. A contract for a bushel of wheat (about 27.7 kg) recently cost just $5.4,150 at the Chicago Board of Trade, which is the lowest rate in years. Soybeans have also become cheaper - and therefore more competitive on the global market. In this case, orders from China are also increasing. On October 2 and 3 alone, the USDA reported sales of nearly 400,000 tons of ...