Exclusive: China snaps up Australian, French wheat as crop damage spurs buying spree

After 102 past bullish trade events, Wheat (HRW) moved a median 0.0% over 5 sessions (49% higher; middle half -2.0% to +3.5%), and -1.4% over 20.

• May 9, 2025EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say | Reuters+2.8%
• Mar 20, 2020CBOT wheat futures rise on reports of China buying US wheat+4.7%
• Jan 23, 2019China may buy up to 7 million tons of U.S. wheat-1.9%
• May 16, 2022Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports0.0%
• Mar 20, 2020Wheat extends rally as China demand assessed | Financial Post+4.7%

After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.

• May 9, 2025EXCLUSIVE: China buys Canadian, Australian wheat as heat hits crop, traders say | Reuters-0.1%
• Feb 10, 2024Wheat exports down, China hungry for Australian barley-4.8%
• Nov 25, 2020China's new crop barley buying spurs French prices on 1m mt rumours - Fastmarkets-1.0%
• Sep 25, 2020China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global+6.5%
• Oct 29, 2026Market Snapshot | Wheat firms as China inquires about buying U.S. SRW wheat - Pro Farmer-0.4%