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July 1998
China: Rumblings in the Wheat Market; Corn Exports on Hold
Recent trade reports point to a smaller and quality-impacted 1998 wheat harvest, making a rise in Chinese wheat imports an enticing possibility. However, abundant stockpiles and changing government support policies will likely curb large-scale import demand. Additionally, a smaller wheat crop reduces difficulties faced by overburdened grain storage facilities, which in turn relieves some of the pressure to export large volumes of corn.
Full report: China: Rumblings in the Wheat Market; Corn Exports on Hold
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