# Market Snapshot | Wheat firms as China inquires about buying U.S. SRW wheat - Pro Farmer

> Wheat futures firmed as reports said China's COFCO inquired about soft red winter wheat for shipment in the New Year. USDA weekly wheat sales reached 849,800 MT, a marketing-year high, well above analyst estimates.

- Date: 2026-10-29 · published 2026-10-30T10:05:12.705Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/1998-market-snapshot-wheat-firms-as-china-inquires-about-buying-u-s-srw-wheat-pro
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible Chinese purchases and strong US export sales support SRW wheat prices. Wheat is a feed grain alternative to corn, so firmer wheat can lift feed grain costs.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-22 | [U.S. Weekly Export Sales to China Notable in Wheat, Meats - Pro Farmer](https://feedsoft.ai/events/14904-u-s-weekly-export-sales-to-china-notable-in-wheat-meats-pro-farmer.md) | -0.2% | -10.7% |
| WHEAT | 2021-03-12 | [US white wheat growers cash in as China snaps up supplies - Markets - Business Recorder](https://feedsoft.ai/events/48160-us-white-wheat-growers-cash-in-as-china-snaps-up-supplies-markets-business.md) | -0.3% | +0.5% |
| WHEAT | 2020-02-20 | [China Back in the Market for U.S. Farm Goods After Waivers \| Financial Post](https://feedsoft.ai/events/54480-china-back-in-the-market-for-u-s-farm-goods-after-waivers-financial-post.md) | -1.5% | -0.4% |
| WHEAT | 2025-10-29 | [UK wheat strengthens to £165/t as US-China talks lift markets - Farmers Weekly](https://feedsoft.ai/events/22459-uk-wheat-strengthens-to-165-t-as-us-china-talks-lift-markets-farmers-weekly.md) | -2.8% | -6.1% |
| WHEAT | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +3.8% | -1.8% |

## Sources

- profarmer.com: https://www.profarmer.com/pro-farmer-max/market-snapshot/market-snapshot-wheat-firms-china-inquires-about-buying-u-s-srw-wheat

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.