# U.S. wheat sales to China cancelled - Manitoba Co-operator

> Private exporters cancelled 264,000 tonnes of US soft red winter wheat booked for China, confirmed by USDA on March 11. This followed cancellations of 240,000 tonnes earlier in March, as Russian wheat undercut US prices and US crop conditions improved. SRW futures fell to their lowest since August 2020.

- Date: 2024-03-22 · published 2024-03-22T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/31246-u-s-wheat-sales-to-china-cancelled-manitoba-co-operator
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Cancelled Chinese purchases remove US export demand and add to bearish pressure on SRW prices. Cheaper Russian wheat will keep competing for feed and milling demand in importing countries.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-11 | [Watch global wheat flows - Manitoba Co-operator](https://feedsoft.ai/events/32747-watch-global-wheat-flows-manitoba-co-operator.md) | -2.8% | +1.5% |
| WHEAT | 2019-05-09 | [U.S. grains: Soy futures break 10-year low on China trade tensions - Manitoba Co-operator](https://feedsoft.ai/events/59134-u-s-grains-soy-futures-break-10-year-low-on-china-trade-tensions-manitoba-co.md) | -1.5% | +3.7% |
| WHEAT | 2018-06-21 | [Feed weekly outlook: Markets watch Japan wheat ban, trade fights - Manitoba Co-operator](https://feedsoft.ai/events/64501-feed-weekly-outlook-markets-watch-japan-wheat-ban-trade-fights-manitoba-co.md) | -0.5% | -2.8% |
| WHEAT | 2019-05-16 | [Feed weekly outlook: Feed grain prices flagging - Manitoba Co-operator](https://feedsoft.ai/events/5741-feed-weekly-outlook-feed-grain-prices-flagging-manitoba-co-operator.md) | +10.5% | +9.9% |
| WHEAT | 2023-05-15 | [China May Cancel More US Corn in Shift to Cheaper Brazil Cargoes](https://feedsoft.ai/events/14844-china-may-cancel-more-us-corn-in-shift-to-cheaper-brazil-cargoes.md) | -1.6% | -7.1% |
| KWHEAT | 2023-12-11 | [Watch global wheat flows - Manitoba Co-operator](https://feedsoft.ai/events/32747-watch-global-wheat-flows-manitoba-co-operator.md) | -2.0% | -4.4% |
| KWHEAT | 2018-06-21 | [Feed weekly outlook: Markets watch Japan wheat ban, trade fights - Manitoba Co-operator](https://feedsoft.ai/events/64501-feed-weekly-outlook-markets-watch-japan-wheat-ban-trade-fights-manitoba-co.md) | -5.8% | +1.6% |
| KWHEAT | 2023-09-19 | [Russian wheat exports remain biggest risk to U.S. wheat elevators \| CoBank \| Cooperative. Connected. Committed.](https://feedsoft.ai/events/34144-russian-wheat-exports-remain-biggest-risk-to-u-s-wheat-elevators-cobank.md) | -2.8% | -9.0% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/news-opinion/news/u-s-wheat-sales-to-china-cancelled/

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