The Asian country’s corn and wheat imports have skyrocketed, but analysts disagree over how long-lasting they will be
Analysts are debating whether China’s huge 2020-21 corn and wheat purchases are an anomaly. Dan Basse, president of AgResource Company, is firmly in the camp that they are not a one-off episode. “It looks like China is going to be a much more regular importer of world corn for many years to come,” he said. […] Read moreTag Archives china

Markets watch China’s upcoming Phase 1 purchases
The country fell short of its obligations under its trade deal with the U.S. last year, but all eyes are on what it does in 2021
China could meet its 2021 Phase 1 agreement target for agricultural imports from the United States, and that would do wonders for crop prices, says an analyst. “If China does what it says, it will be quite bullish,” said Dan Basse, president of AgResource Company. China has committed to import US$43.4 billion of U.S. agricultural […] Read more
Chinese corn imports soar following ASF outbreak

All eyes on China’s upcoming Phase 1 purchases

Competition grows for China’s food imports
The Asian country is making a conscious effort to diversify its agricultural suppliers, which may hurt traditional exporters
China is diversifying its agricultural trading partners and that will force traditional suppliers to employ new tactics, says the United States Department of Agriculture. “In contrast to the past, when the United States was among just a handful of suppliers, the United States now faces growing international competition in China,” stated the USDA’s Foreign Agricultural […] Read more
USDA expects grain prices to remain high

China pork estimates hard to gauge

Competition grows for China’s food imports

China imports more meat
