Tidbits, China Purchases, Argentine Crops, SNAP, Fertilizer, Export Sales Estimates 11/7/25
- Wright team
- 4 hours ago
- 4 min read
Tidbits
China purchased earlier this week one Panamax load of 60,000 mts of soft white wheat and another 60,000 mts of spring wheat according to traders in the export business, as Reuters reported yesterday. Delivery will be in December.
“The expectation of an event will move the market more than confirmation of an event” is a fancy way to say, “Buy the rumor and sell the fact.”
The rumor the past two weeks was China will buy U.S. wheat. That rumor had Soft Red Winter Wheat futures gaining 55¢ and Hard Red Winter gaining 52¢ in anticipation of Chinese business. The day the Chinese business was confirmed, the two winter wheats lost 17 to 19¢!
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