# US white wheat growers cash in as China snaps up supplies - Markets - Business Recorder

> China is buying US soft white wheat for animal feed, pushing USDA's export forecast for the class to 245 million bushels, the highest since 1994. USDA cut its export forecast for hard red winter wheat due to weaker demand in several Western Hemisphere markets. High corn prices have made wheat a viable feed alternative in China.

- Date: 2021-03-12 · published 2021-03-12T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/48160-us-white-wheat-growers-cash-in-as-china-snaps-up-supplies-markets-business
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Chinese feed demand for wheat supports US white wheat prices and competes with corn and other feed grains. Lower HRW export forecasts add modest pressure on hard red wheat values.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-09-23 | [Taiwan buys 91,300 tonnes wheat of US-origin - Markets - Business Recorder](https://feedsoft.ai/events/51176-taiwan-buys-91-300-tonnes-wheat-of-us-origin-markets-business-recorder.md) | +5.5% | +10.8% |
| WHEAT | 2022-06-30 | [EU wheat firm supported by Egypt tender, weaker euro - Markets - Business Recorder](https://feedsoft.ai/events/40979-eu-wheat-firm-supported-by-egypt-tender-weaker-euro-markets-business-recorder.md) | -8.7% | -16.4% |
| WHEAT | 2020-07-31 | [Ukraine's grain exports down 33pc in July - Markets - Business Recorder](https://feedsoft.ai/events/51988-ukraine-s-grain-exports-down-33pc-in-july-markets-business-recorder.md) | -1.7% | +0.9% |
| WHEAT | 2021-02-03 | [Euronext front-month wheat futures higher - Markets - Business Recorder](https://feedsoft.ai/events/5827-euronext-front-month-wheat-futures-higher-markets-business-recorder.md) | +0.3% | +12.4% |
| CORN | 2020-06-19 | [Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder](https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business.md) | -2.4% | -0.2% |
| CORN | 2020-07-31 | [Ukraine's grain exports down 33pc in July - Markets - Business Recorder](https://feedsoft.ai/events/51988-ukraine-s-grain-exports-down-33pc-in-july-markets-business-recorder.md) | -0.7% | +7.0% |
| CORN | 2021-01-06 | [Ukraine grain exports down at 26.4mn tonne so far in 2020/21 - Markets - Business Recorder](https://feedsoft.ai/events/48984-ukraine-grain-exports-down-at-26-4mn-tonne-so-far-in-2020-21-markets-business.md) | +5.2% | +12.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40072912

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