China cancels large wheat purchases

China recently canceled several orders of wheat from various countries, including the U.S.

China canceled more than 500,000 metric tons of U.S. soft red winter wheat contracts purchased this year, said Tyllor Ledford, market analyst at U.S. Wheat Associates. China also canceled more than 1 million metric tons of contracts with Australia and 500,000 metric tons of wheat from France. Read the rest of the article here.