Chinese wheat prices have been falling since the harvest began in May. In Henan Province 262 districts have launched procurement at minimum prices to stop the slide in market prices. The support price program has also been launched in Anhui Province (91 districts), Hebei (46 districts), Jiangsu (14 districts), and Shandong (4 districts), with 6 million metric tons procured. Last year 16.4 mmt of wheat was procured at minimum prices. China Administration of Food and Commodity Reserves. Flour prices have also been declining since June, suggesting weak downstream demand. Wholesale prices from China Administration of Food and Commodity Reserves. Chinese corn prices have also been falling since May, in part because declining wheat prices have prompted feed mills to substitute wheat for corn. Availability of other substitutes and idling of some corn processing plants due to weak downstream demand also had a depressive effect on corn prices. Some corn market commentators speculate that ...
China has announced antidumping duties of 54.3% on U.S. pecans following an investigation by the Chinese Ministry of Commerce that claimed the nuts were sold below their production cost. The duty on Mexican pecans is 51.68%. The investigation was launched last year during the depths of the U.S.-China trade war. Duties took effect today August 11, 2026--about 6 weeks ahead of Xi Jinping's expected visit to Washington next month. It's hard to discern the necessity of the duties to protect China's pecan industry. In a classic import substitution strategy, Chinese leaders created an industry from nothing by transplanting an essentially American crop as a substitute for imported U.S. pecans that are popular with Chinese consumers. Imports already collapsed last year, undermining the claim of "harm" to the Chinese industry. The antidumping investigation claimed that surging imports of pecans from the U.S. and Mexico harmed the Chinese industry. Chinese customs data s...