How much such sales might influence the price of wheat or the quantity of U.S. wheat exports is unknown. Linda Young, an MSU economist with the Trade Research Center, pointed out that the quantity of wheat China imports fluctuates. What really matters in terms of prices is how much China imports. She said that in 1994-95, China purchased 10 million metric tons of wheat to make up a domestic shortfall, but imports can be as low as 1.5 million metric tons in other years. The bottom line is that lifting the restrictions is good, and it is better for Montana than anywhere else, but it won't make big bucks for Montana producers.
China has a reputation for being very careful about how much it pays for wheat.
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