# Watch global wheat flows - Manitoba Co-operator

> US wheat net sales are running at their slowest pace in 50 years, with exports to China at 379,000 tonnes versus 616,200 tonnes a year earlier. Soft red winter commitments are at a nine-year high, and HRW and HRS have lost some premium to Chicago futures.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/32747-watch-global-wheat-flows-manitoba-co-operator
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Weak export demand and record-high SRW commitments point to a bearish near-term outlook for US wheat, with price support depending on whether bargain buying turns into sustained export sales.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-03-22 | [U.S. wheat sales to China cancelled - Manitoba Co-operator](https://feedsoft.ai/events/31246-u-s-wheat-sales-to-china-cancelled-manitoba-co-operator.md) | +1.2% | +2.7% |
| 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 | 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 | 2024-06-13 | [Falling demand for wheat and corn in China could crash global markets](https://feedsoft.ai/events/14743-falling-demand-for-wheat-and-corn-in-china-could-crash-global-markets.md) | -2.1% | -3.6% |
| KWHEAT | 2024-03-22 | [U.S. wheat sales to China cancelled - Manitoba Co-operator](https://feedsoft.ai/events/31246-u-s-wheat-sales-to-china-cancelled-manitoba-co-operator.md) | +0.6% | -0.0% |
| 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 | 2025-11-26 | [EU27 Wheat Exports in a Context of Global Abundance](https://feedsoft.ai/events/21897-eu27-wheat-exports-in-a-context-of-global-abundance.md) | +1.5% | +4.0% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/watch-global-wheat-flows/

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