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A U.S. Wheat Associates article says Latin American buyers account for about 33% of US wheat exports and increased SRW purchases in marketing year 2022/23. It cites SRW offered at $249/MT FOB for 2023/24.
Strong Latin American demand for competitively priced US SRW supports export flows, though the piece is promotional and shows only modest price impact.
uswheat.orgAug 16, 2023After 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.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
