Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

In this list

China emerges as top buyer of US wheat in latest week; exports hit 577,000 mt

Commodities | Agriculture | Biofuels | Oil | Crude Oil | Metals | Steel | Shipping | Tankers

Market Movers Americas, March 1-5: Potential Dakota Access shutdown widens Bakken spread

Electric Power

Platts Forward Curves – Gas and Power


APAC Oil Virtual Forum

Electricity | Coal | Emissions | Electric Power | Renewables | Natural Gas

CERAWEEK: Kerry confident US can compartmentalize, work with China on climate

Electric Power | Renewables | LNG | Natural Gas

Fuel for Thought: For green hydrogen to catch up with blue, it's a long ride in India

China emerges as top buyer of US wheat in latest week; exports hit 577,000 mt


China's commitments inching to 5-year high

Nigeria top export destination

New Delhi — A week after returning to the US wheat markets, Chinese buyers continue to seek US wheat, with the latest week's export sales to China emerging as the second-largest of the current season, indicating buyers remain interested amid the country's efforts to ramp up its purchases of US agricultural products.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In the week to Aug. 27, China booked 250,800 mt of US wheat, the second-largest volume purchased in the current marketing season that started June 1, data from the US Department of Agriculture showed Sept. 3. Sales to China were also the largest for the week, followed by the Philippines.

The latest purchase took China's total commitments for US wheat to 1.47 million mt in 2020-21, inching to a five-year high, according to an analysis of US Department of Agriculture data.

So far, China's commitments remain higher than those of the two largest traditional buyers of US wheat -- Mexico and Japan.

This comes as China has been actively buying US agricultural goods in recent weeks, including corn, soybeans, sorghum and pork, largely as part of its commitments made under the Phase 1 deal.

US wheat sales fall

Overall, US net export sales of wheat in the week ended Aug. 27 fell 23.4% from the previous week, totaling 585,427 mt, USDA data showed.

However, sales remain 4% above the previous-week average, signaling demand for US wheat markets stayed consistently active.

Total physical wheat exports plunged from the prior week ended Aug. 20, with the largest shipments destined for Nigeria.

Wheat exports in the week ended Aug. 27 totaled 483,387 mt, down 25.2% from the previous week. This has taken cumulative wheat exports to 6.5 million mt since the new season started, USDA data showed.

With the marketing season in its 14th week, total commitments for US wheat account for 47% of the USDA's export estimates of 26.54 million mt in 2020-21.

US wheat net export sales: Top 5 destinations
Reported in the week ended Aug. 27, 2020
Volume (MT)
The Philippines

US wheat outstanding sales: Top 5 destinations
Reported in the week ended Aug. 27, 2020
Volume (MT)
The Philippines
South Korea

Source: USDA