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US Wheat Associates reviews the 2022/23 marketing year, noting China became the largest wheat importer with record June WASDE imports of 14.0 million tonnes and its US purchases rose 38%. Mexico, the Philippines, Japan and South Korea remain top US buyers.
Strong Chinese import demand supports US export flows, but overall US wheat exports remain constrained by competitive pricing.
uswheat.orgJun 21, 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.
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.
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.
