EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say

Not enough comparable past events yet for a historical read.

After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.

• Oct 31, 2023Exclusive: China snaps up Australian, French wheat as crop damage spurs buying spree+0.1%
• May 16, 2022Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports0.0%
• Mar 22, 2018No hike in Indian wheat tariff good news for Australia - Grain Central-1.0%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-1.9%
• Nov 3, 2025CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News-1.0%

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• Oct 31, 2023Exclusive: China snaps up Australian, French wheat as crop damage spurs buying spree-1.7%
• Feb 10, 2024Wheat exports down, China hungry for Australian barley-4.8%
• Sep 25, 2020China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global+6.5%
• Aug 31, 2019Even as Beijing shuns Canada's canola, Canadian wheat sales to China soar | CBC News-2.3%
• May 17, 2017China the hero market for Australian barley and wheat - Grain Central+3.0%