(Source: Freight Waves, January 23, 2019)
CHATTAGOOGA, Tenn. — The Chinese government is considering buying up to 7 million tons of U.S. wheat, Bloomberg reported Tuesday afternoon. The proposal has been floated as a means to help reduce the China – U.S. trade deficit and make progress toward a resolution in the countries’ ongoing trade dispute. China has not purchased American wheat to replenish state reserves in many years, and a deal of this size would have significant implications for commodity prices and transportation activity in the United States.
Full story: Freight Waves