# US wheat recovery stalls on lack of Chinese purchases | Stock Journal | SA

> US SRW wheat futures rallied more than 80 cents a bushel from late-November lows on major Chinese purchases in early December, but the rally has stalled as China has not made additional purchases. HRW has followed a similar pattern, and its premium over SRW has narrowed sharply.

- Date: 2023-12-15 · published 2023-12-15T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/32744-us-wheat-recovery-stalls-on-lack-of-chinese-purchases-stock-journal-sa
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Without fresh Chinese demand the recent wheat rebound lacks support, so prices may consolidate or slip. Narrower HRW premiums signal weaker demand for higher-protein wheat.

## Read by commodity

- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2016-12-15 | [Premiums Rise as Supplies of High Protein Wheat Fall - U.S. Wheat Associates](https://feedsoft.ai/events/73518-premiums-rise-as-supplies-of-high-protein-wheat-fall-u-s-wheat-associates.md) | +2.2% | +12.1% |
| KWHEAT | 2022-07-21 | [Precipitation in the EU and the USA and the possible unblocking of Ukrainian ports increase the pressure on wheat prices 21.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/40541-precipitation-in-the-eu-and-the-usa-and-the-possible-unblocking-of-ukrainian.md) | -1.0% | -2.2% |
| KWHEAT | 2020-01-28 | [Wheat: slight pressure on sales in Western Europe  - Mundus Agri](https://feedsoft.ai/events/8054-wheat-slight-pressure-on-sales-in-western-europe-mundus-agri.md) | -4.1% | -6.5% |
| KWHEAT | 2017-01-17 | [India imported 2.7 mn tonnes of wheat this fiscal](https://feedsoft.ai/events/72970-india-imported-2-7-mn-tonnes-of-wheat-this-fiscal.md) | -0.9% | +4.0% |
| KWHEAT | 2019-02-01 | [How Russia and Ukraine took over the wheat market](https://feedsoft.ai/events/60647-how-russia-and-ukraine-took-over-the-wheat-market.md) | -0.6% | -11.7% |
| WHEAT | 2023-11-17 | [Russia continues to complicate global wheat markets \| Stock Journal \| SA](https://feedsoft.ai/events/12258-russia-continues-to-complicate-global-wheat-markets-stock-journal-sa.md) | +3.7% | +1.7% |
| WHEAT | 2019-12-10 | [Soybeans extend gains as Chinese purchases stir hopes of U.S.-China deal \| Financial Post](https://feedsoft.ai/events/12382-soybeans-extend-gains-as-chinese-purchases-stir-hopes-of-u-s-china-deal.md) | +2.5% | +3.5% |
| WHEAT | 2026-06-01 | [Explainer: What do China's new US farm purchases mean for global trade?](https://feedsoft.ai/events/14575-explainer-what-do-china-s-new-us-farm-purchases-mean-for-global-trade.md) | -2.6% | -1.5% |

## Sources

- stockjournal.com.au: https://www.stockjournal.com.au/story/8458049/us-wheat-recovery-stalls-on-lack-of-chinese-purchases/

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