Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
    
   
   
   
   
   

Agricultural News


U.S. Wheat Associates Statement on Major Chinese Wheat Purchase

Fri, 20 Mar 2020 12:34:46 CDT

U.S. Wheat Associates Statement on Major Chinese Wheat Purchase U.S. Wheat Associates (USW) President Vince Peterson issued the following statement about news of Chinese wheat import purchases.

“The USDA report today that Chinese buyers have purchased 340,000 metric tons, or about 12.5 million bushels, of U.S. hard red winter (HRW) wheat for delivery in the 2020/21 marketing year is very good news for U.S. wheat farmers.

This is a significant purchase volume and the largest since China implemented retaliatory tariffs on U.S. wheat in March 2018.


"This purchase falls under China’s 9.64 million metric ton tariff rate quota (TRQ). China has agreed to work toward filling its TRQ for wheat imports.

As USW has noted, if the changes are in fact implemented, and Chinese millers can respond to market signals, most of the TRQ should be used. U.S. wheat farmers are in a good position to help fill the TRQ given current export prices, relatively low freight rates and the ready supply of the wheat classes China needs.   

"USW appreciates the efforts of both the U.S. and Chinese governments to reach the Phase One trade agreement that has helped re-open the door to U.S. wheat imports by China.

We believe that China’s flour millers and growing baking industry want the opportunity to purchase high-quality U.S. wheat classes again and we hope this is only the beginning of a new, more productive trade relationship.”

U.S. Wheat Associates' (USW) mission is to develop, maintain, and expand international markets to enhance wheat’s profitability for U.S. wheat producers and its value for their customers in more than 100 countries.

Its activities are made possible through producer checkoff dollars managed by 17 state wheat commissions and cost-share funding provided by USDA’s Foreign Agricultural Service.For more information, visit www.uswheat.org.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Feeder Steers and Heifers Lower at OKC West - El Reno on Wednesday  Thu, 09 Apr 2020 03:57:47 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Wednesday April 8, 2020  Wed, 08 Apr 2020 16:45:42 CDT
  • Chicken Processors Redoubling Efforts to Keep Essential Workers Safe and Healthy   Wed, 08 Apr 2020 16:41:37 CDT
  • Wednesday, April 8, 2020 Market Wrap-Up with Justin Lewis  Wed, 08 Apr 2020 14:45:39 CDT
  • USDA Releases Assistance Guidance for Oklahoma’s Ag Producers Applying for the Paycheck Protection Program  Wed, 08 Apr 2020 13:14:47 CDT
  • National Sorghum Producers Announces 2020 Sorghum Yield Contest  Wed, 08 Apr 2020 10:44:47 CDT
  • NCBA Requests President Trump Expand USDA Market Investigation, Examine Futures Markets   Wed, 08 Apr 2020 09:45:47 CDT
  • Oklahoma Sec. of Ag Blayne Arthur Requests USDA to Quickly Aid The Beef Cattle Industry  Wed, 08 Apr 2020 10:42:22 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!

    Banc First OPSRC ORWA TPAOO TPAOO

    Search OklahomaFarmReport.com


       
       
    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.