<\/p>\n<\/a>Grains<\/u> –
\nSifting through yesterday\u2019s export inspections details I found a pretty sizeable revision higher in last week\u2019s wheat inspections to China.\u00a0 Considering our conversation from the past few days I found this pretty interesting.\u00a0 MYTD all wheat export inspections to China total roughly 33 mil bu, and as you can see on the chart attached here that is the highest level in a few years.\u00a0 The surge in imports shown in 13\/14 came due to a combination of government reserve stockpiling and imports for certain quality aspects following a poor quality Chinese crop that year.<\/p>\n
<\/p>\n
So while I might be starting to sound like a broken record here, I find it enormously interesting that China is the<\/em> increase in world wheat stocks this year but at the same time is importing more wheat (presumably for quality issues this time).\u00a0 Those Chinese wheat stocks should not be assumed to be \u201cavailable\u201d and it is now looking more and more questionable whether they\u2019re even adequate quality for Chinese needs.<\/p>\n That being said, it is worth pointing out that the KW-C spread has reached prior highs and might find itself in a resistance zone at least temporarily.\u00a0 Caution is advised with the spread in the near future.<\/p>\n DISCLAIMER<\/u><\/strong>:<\/strong> Grains – Sifting through yesterday\u2019s export inspections details I found a pretty sizeable revision higher in last week\u2019s wheat inspections to China.\u00a0 Considering our conversation from the past few days I found this pretty interesting.\u00a0 MYTD all wheat export inspections to China total roughly 33 mil bu, and as you can see on the chart […]<\/p>\n","protected":false},"author":4,"featured_media":1819,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"yoast_head":"\n
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