Japan; working on bilateral agreement to allow US wheat in at same deal TPP members have while negotiations go forward. (We now at 50c/bu disadvantage vs Can & Aus.) so this is big deal and almost done.  Japan just got off golden week, and appointed a new emperor, government has essentially been shut down for the past two weeks.  No fresh news means no bad news, they continue to work on it.

China- Negotiations stalling as China backtracking on previous commitments.  Tariffs on Chinese goods being raised from 10% to 25% on $200 bil imports May 10th per President Trump and he looking to add new 25% tarriff on $300 bil more imports.  China retaliated 5/13 increasing tarriffs to 25% on most US agriculture products.  Anyone’s guess at this point on when an actual deal could be reached.  Doesn't really matter too much for wheat and YC as they only import 150 mb of each throughout the world.  Soybeans are the big deal importing 3 bil bu/yr split between Brazil & US in the past.  US also won WTO dispute requiring China to reduce wheat subsidies and double their wheat imports.  Mostly unenforceable...    African Swine Fever also decimating China's Hog production as their slaughter rate TY will be 2/3 of LY.  Means less soybean demand for several years and more pork imports for several years.  Estimates of 150-200 mil Chinese hogs have died and being culled.