# Improved U.S. Wheat Price Competitiveness Helps Drive Exports | USDA Foreign Agricultural Service

> USDA forecasts US wheat exports to rebound by more than a million tonnes in 2024/25 after dipping to a 50-year low in 2023/24. Hard Red Winter wheat has moved from a significant premium to a small premium or discount against major exporters. A larger US crop and robust stocks are pressuring US prices lower.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/29799-improved-u-s-wheat-price-competitiveness-helps-drive-exports-usda-foreign
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Improved US price competitiveness should win back export share, adding demand support for US wheat and some downward pressure on world prices.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-03-11 | [EU competitive pricing explains late-season spike in wheat sales: USDA - Grain Central](https://feedsoft.ai/events/10669-eu-competitive-pricing-explains-late-season-spike-in-wheat-sales-usda-grain.md) | +4.3% | +1.5% |
| KWHEAT | 2023-08-23 | [US wheat exports expected to hit 52-year low \| Agriculture Dive](https://feedsoft.ai/events/34630-us-wheat-exports-expected-to-hit-52-year-low-agriculture-dive.md) | -3.4% | -1.5% |
| KWHEAT | 2026-09-21 | [Drought and Global Competition Are Weighing on US Wheat Exports](https://feedsoft.ai/events/17525-drought-and-global-competition-are-weighing-on-us-wheat-exports.md) | -2.8% | -10.2% |
| KWHEAT | 2019-04-18 | [Good Quality, Competitive Prices Spark U.S. Winter Wheat Demand - U.S. Wheat Associates](https://feedsoft.ai/events/59622-good-quality-competitive-prices-spark-u-s-winter-wheat-demand-u-s-wheat.md) | -3.9% | -0.9% |
| KWHEAT | 2026-10-06 | [Ukrainian Agricultural Exports Rise 41% in September Driven by Wheat Shipments to Middle East and North Africa \| Tridge Insights](https://feedsoft.ai/events/17184-ukrainian-agricultural-exports-rise-41-in-september-driven-by-wheat-shipments.md) | -3.6% | -13.2% |
| WHEAT | 2021-08-05 | [India Grain Exports Benefit from Tighter Competitor Supplies and Increased Price Competitiveness \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/45521-india-grain-exports-benefit-from-tighter-competitor-supplies-and-increased.md) | -2.5% | +0.3% |
| WHEAT | 2019-03-11 | [EU competitive pricing explains late-season spike in wheat sales: USDA - Grain Central](https://feedsoft.ai/events/10669-eu-competitive-pricing-explains-late-season-spike-in-wheat-sales-usda-grain.md) | +1.1% | -1.1% |
| WHEAT | 2023-08-23 | [US wheat exports expected to hit 52-year low \| Agriculture Dive](https://feedsoft.ai/events/34630-us-wheat-exports-expected-to-hit-52-year-low-agriculture-dive.md) | -4.8% | -2.0% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/improved-us-wheat-price-competitiveness-helps-drive-increasing-exports

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