Chinese Imports

Chinese customs data shows that the nation imported a record 6.2 MMT of soybeans in June, bringing the half year to date cumulative total to 25.8 MMT, a 17% increase on last year.

Imports from the US for the year to date are currently running at 13.8 MMT, 15% up on twelve months ago.

Only one cargo of US corn arrived in China in June, bringing net imports for the year to date to 88,000 MT, much more is in the pipeline for this month and beyond.

For wheat Jan/June imports are more than double year ago levels at 885,000 MT.