BEIJING, CHINA — China sold 2.699 million tonnes of wheat from its state reserves the week of Oct. 26, Reuters reported, citing the National Grain Trade Center.

The nation sold 67.74% of the wheat put up for auction during the weekly sale. Feed producers are buying wheat as a substitute for corn, which is rising in price due to tightening supplies.

Average sale price of 2,356 yuan ($352.04) per tonne was up from 2,316 yuan per tonne in late June, Reuters said.