China Seeks to Buy US Wheat for First Time in a Year After Truce

Wheat futures in Chicago jumped as China seeks its first US shipments of the grain in more than a year, following orders for soybeans last week as part of a trade truce between the two nations.

A major grains importer in Asia’s largest economy made inquiries over the weekend for US cargoes loading from December to February, according to people familiar with the matter, who asked not to be named as they aren’t authorized to speak to media.

Traders reported interest in US soft red winter and hard red winter wheat varieties late last week, in deals that would be ...