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On August 23, 2019, the People’s Republic of China’s Ministry of Finance (MOF), State Council Tariff Commission (SCTC) announced new tariffs on certain U.S. products, valued at $75 billion USD.
On August 19, 2019, Morocco’s State Cereals Office (ONICL) issued a tender for U.S. common and durum wheat.
Drought concerns have diminished with improved precipitation, and FAS/Ottawa expects wheat production to increase in marketing year 2019/20 with yields returning to historical averages.
For wheat, Post revises its marketing year (MY) 2019/2020 import forecast down from the USDA official number of 4.3 million metric tons (MMT) to 3.5 MMT on the reduced use of feed wheat.