Large sales of soybean, corn, and wheat to China continue to drive grain transportation demand.
By the week ending January 21, total commitments of soybeans to China for marketing year (MY) 2020/21 had reached 34.7 million metric tons (MMT), accounting for 60 percent of total U.S. soybean export sales and almost triple the amount the same time last year for MY 2019/20.
Also, by the week ending January 21, total commitments of U.S. corn to China for MY 2020/21 were 11.8 MMT, versus just 0.061 MMT by the same time last year for MY 2019/20.
Total commitments of U.S. wheat to China were 2.6 MMT by the week ending January 21, versus 0.194 MMT by the same time last year.
For MY 2020/21, China has become the third largest importer of U.S. wheat behind Mexico and the Philippines.
