NEWS
China Buys US Wheat for Reserves
Tue Apr 9, 2013 07:30 AM CDT

BEIJING (Dow Jones) -- China National Grain Reserves Corp. bought more than 700,000 metric tons of soft, red winter wheat from the U.S. in the past weeks taking advantage of recent lower prices, trading executives said.

The company also known as Sinograin bought the wheat for reserves, a trader with a state-owned grain trading house said on Tuesday.

Domestic wheat prices have increased about 15% so far this year. Part of the reason is that government stocking last year tightened supply.

"Sinograin is now more flexible than before; when there is profit they will import," the trader said.

Near-month wheat ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
Wheat's Drought Dilemma
Less Canada Wheat, More Canola Seen
USDA Weekly Crop Progress
Newsom on the Market
Letters to the Editor
Russia Grain Exports Surge
Russia Wheat Prices Rising
Newsom on the Market
CWB Raises 14/15 Wheat PROs
Russia: More Grain Exports in March