# Latin American Markets See Soft Red Winter Wheat Value

> 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.

- Date: 2023-08-16 · published 2023-08-16T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/34621-latin-american-markets-see-soft-red-winter-wheat-value
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Strong Latin American demand for competitively priced US SRW supports export flows, though the piece is promotional and shows only modest price impact.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-21 | [The Wheat Marketing Year in Review](https://feedsoft.ai/events/35528-the-wheat-marketing-year-in-review.md) | +9.4% | +0.6% |
| WHEAT | 2021-08-30 | [Russian wheat export prices up - Markets - Business Recorder](https://feedsoft.ai/events/45619-russian-wheat-export-prices-up-markets-business-recorder.md) | +0.2% | +0.5% |
| WHEAT | 2022-05-16 | [Wheat prices rise almost 6% as India export ban shakes markets](https://feedsoft.ai/events/41451-wheat-prices-rise-almost-6-as-india-export-ban-shakes-markets.md) | +4.0% | -0.3% |
| WHEAT | 2024-10-20 | [Dry weather and Russian export concerns lift wheat - Markets - Business Recorder](https://feedsoft.ai/events/27908-dry-weather-and-russian-export-concerns-lift-wheat-markets-business-recorder.md) | -1.1% | -1.9% |
| WHEAT | 2025-10-27 | [Wheat Prices Rise As US-China Trade Hopes Lift Markets - Finimize](https://feedsoft.ai/events/5432-wheat-prices-rise-as-us-china-trade-hopes-lift-markets-finimize.md) | +3.8% | -1.8% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/latin-american-markets-take-advantage-of-soft-red-winter-wheat-value/

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