# US wheat exports expected to hit 52-year low | Agriculture Dive

> USDA expects US wheat exports of 700 million bushels, the lowest in 52 years, with HRW exports at the lowest since records began in 1973-74. Drought cut US yields and raised prices to the fourth-highest on record, while bumper crops in France and Russia have made US wheat uncompetitive.

- Date: 2023-08-23 · published 2023-08-23T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/34630-us-wheat-exports-expected-to-hit-52-year-low-agriculture-dive
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Lost export competitiveness and drought-limited supply keep US wheat demand weak, pressuring domestic prices and favouring cheaper Black Sea and EU wheat in feed markets.

## Read by commodity

- WHEAT: bearish ▼
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-02-08 | [US farm exports hit three-year low in 2023 as China slows buying](https://feedsoft.ai/events/14771-us-farm-exports-hit-three-year-low-in-2023-as-china-slows-buying.md) | -4.2% | -1.8% |
| WHEAT | 2024-06-24 | [Improved U.S. Wheat Price Competitiveness Helps Drive Exports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29799-improved-u-s-wheat-price-competitiveness-helps-drive-exports-usda-foreign.md) | -6.8% | -2.9% |
| WHEAT | 2019-02-24 | [A harsh realization that US wheat is too expensive - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6776-a-harsh-realization-that-us-wheat-is-too-expensive-agweek-1-source-for.md) | -3.6% | +0.5% |
| WHEAT | 2025-01-31 | [US agricultural exports/imports threatened by Trump trade actions \| Reuters](https://feedsoft.ai/events/14689-us-agricultural-exports-imports-threatened-by-trump-trade-actions-reuters.md) | +0.2% | -0.1% |
| WHEAT | 2026-05-04 | [India resumes wheat exports after four years but high prices likely to limit demand - The Economic Times](https://feedsoft.ai/events/19226-india-resumes-wheat-exports-after-four-years-but-high-prices-likely-to-limit.md) | -2.7% | -0.5% |
| KWHEAT | 2023-09-19 | [US HRW wheat exports projected at record low \| World Grain](https://feedsoft.ai/events/34149-us-hrw-wheat-exports-projected-at-record-low-world-grain.md) | -2.8% | -9.0% |
| KWHEAT | 2024-06-24 | [Improved U.S. Wheat Price Competitiveness Helps Drive Exports \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/29799-improved-u-s-wheat-price-competitiveness-helps-drive-exports-usda-foreign.md) | +1.1% | -1.6% |
| KWHEAT | 2023-12-18 | [US SRW wheat exports set to top HRW for first time after China haul](https://feedsoft.ai/events/32742-us-srw-wheat-exports-set-to-top-hrw-for-first-time-after-china-haul.md) | -3.1% | -7.6% |

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/us-wheat-exports-record-low-food-prices/691600/

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