# US SRW wheat exports set to top HRW for first time after China haul

> US soft red winter (SRW) wheat exports are set to surpass hard red winter (HRW) wheat for the first time, driven by a large purchase from China. HRW exports for 2023-24 are on track for all-time lows across 40 years of records despite larger HRW supplies.

- Date: 2023-12-18 · published 2023-12-18T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/32742-us-srw-wheat-exports-set-to-top-hrw-for-first-time-after-china-haul
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Chinese buying concentrated on SRW supports Chicago wheat while HRW remains weak on poor export demand, widening the spread between the two classes. Buyers should expect SRW to hold firmer than HRW in the near term.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2023-09-19 | [US HRW wheat exports projected at record low \| World Grain](https://feedsoft.ai/events/34149-us-hrw-wheat-exports-projected-at-record-low-world-grain.md) | -2.8% | -9.0% |
| KWHEAT | 2017-02-23 | [India's wheat imports to slow after March - AgriMoon](https://feedsoft.ai/events/72442-india-s-wheat-imports-to-slow-after-march-agrimoon.md) | +1.7% | -5.5% |
| 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 | 2025-02-05 | [China has delayed or redirected 600,000 tons of wheat imports, sources say](https://feedsoft.ai/events/26082-china-has-delayed-or-redirected-600-000-tons-of-wheat-imports-sources-say.md) | -0.3% | -8.8% |
| 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% |
| WHEAT | 2021-05-28 | [China's feed lots set to snap up wheat harvest for pigs, poultry](https://feedsoft.ai/events/47092-china-s-feed-lots-set-to-snap-up-wheat-harvest-for-pigs-poultry.md) | -2.6% | -3.8% |
| WHEAT | 2024-02-10 | [Wheat exports down, China hungry for Australian barley](https://feedsoft.ai/events/31616-wheat-exports-down-china-hungry-for-australian-barley.md) | -4.8% | -1.5% |
| WHEAT | 2023-03-29 | [Wheat jumps after Russia says Cargill to stop grain exports](https://feedsoft.ai/events/5078-wheat-jumps-after-russia-says-cargill-to-stop-grain-exports.md) | -10.7% | -14.2% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-srw-wheat-exports-set-top-hrw-first-time-after-china-haul-2023-12-18/

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