Washington – Bijing – December 29, 2020
China moved in more wheat from the US ports in the week that ended Dec. 17, registering a fifth straight week of US wheat shipments
In the week that ended Dec. 17, the US shipped 63,000 mt of wheat to China, data showed Dec. 23.
After a pause in trade seen in the months of September and November as buyers awaited US presidential election results, China has been shipping in more than 60,000 mt of wheat every week since Nov. 19, data showed.
This takes US wheat exports to China hitting 1.6 million mt level in the 2020-21 marketing season, which started June 1.
China remains the third-largest buyer of US wheat in 2020-21, with total commitments hitting a seven-year high 2.2 million mt, according to official US data.
Mexico, the Philippines, and Japan have been traditionally large buyers of US wheat in recent years.
Analysts have already indicated China’s grain hunting is expected to continue in 2021 amid the country’s plans for further strengthening its food security
Nigeria emerged as the top buyer of US wheat in the week ended Dec. 17, with sales hitting 102,000 mt, taking its 2020-21 total commitments past the 1 million mt mark, according to the export sales data.
With the marketing season in its 29th week, total commitments for US wheat shipping to worldl destinations have now reached 20 million mt, hitting 74.8% of US wheat export target for 2020-21.
The USDA is expecting the US to export 26.8 million mt of wheat in 2020-21.
