# Asian buyers flock to market for feed wheat, prices to see limited downside

> South Korea, Thailand and the Philippines issued four feed wheat tenders closing Jan. 22 for April–October shipment. Australia is expected to be the most competitive origin, since South American and US supplies are past their window and EU new crop has not arrived. Traders say prices are unlikely to fall much further.

- Date: 2025-01-22 · published 2025-01-22T12:00:00.000Z
- Category: trade · region Asia · magnitude low
- Page: https://feedsoft.ai/events/26563-asian-buyers-flock-to-market-for-feed-wheat-prices-to-see-limited-downside
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Concentrated Australian supply to Asia sets a price floor for feed wheat, supporting import costs for Asian feed millers. Limited competing origins for these windows keep prices steady.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-03-07 | [U.S. Wheat Farmers See Opportunity for Growth in Southeast Asia Markets - U.S. Wheat Associates](https://feedsoft.ai/events/60146-u-s-wheat-farmers-see-opportunity-for-growth-in-southeast-asia-markets-u-s.md) | -0.0% | -1.3% |
| WHEAT | 2018-09-17 | [Wheat Growers See Challenges and Promise in African Markets - U.S. Wheat Associates](https://feedsoft.ai/events/63077-wheat-growers-see-challenges-and-promise-in-african-markets-u-s-wheat-associates.md) | -6.1% | -6.1% |
| WHEAT | 2018-06-05 | [Indonesia continues to buy more Russian wheat, Australian producers concerned \| Stock & Land \| VIC](https://feedsoft.ai/events/64434-indonesia-continues-to-buy-more-russian-wheat-australian-producers-concerned.md) | -0.3% | -6.7% |
| WHEAT | 2023-11-02 | [Ag Market Update: Wheat Prices Drop, China Becomes Top Wheat Importer, and Soybean Complex Dynamics - IASG](https://feedsoft.ai/events/33221-ag-market-update-wheat-prices-drop-china-becomes-top-wheat-importer-and-soybean.md) | -1.1% | -0.5% |
| WHEAT | 2019-02-13 | [Russian dominance over world wheat markets slows - Farmers Weekly](https://feedsoft.ai/events/60537-russian-dominance-over-world-wheat-markets-slows-farmers-weekly.md) | -2.1% | -4.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/012225-asian-buyers-flock-to-market-for-feed-wheat-prices-to-see-limited-downside

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