# Major Chinese Purchase of U.S. Wheat - Northern Ag Network

> USDA reported Chinese buyers purchased 340,000 metric tons (about 12.5 million bushels) of US hard red winter wheat for 2020/21 delivery, the first large step toward filling China's wheat tariff-rate quota. US Wheat Associates said further purchases were rumored.

- Date: 2020-03-23 · published 2020-03-23T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/54179-major-chinese-purchase-of-u-s-wheat-northern-ag-network
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Chinese buying under the Phase One deal draws down US exportable HRW supplies and supports prices, while the TRQ commitment points to further demand.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-01-23 | [China may buy up to 7 million tons of U.S. wheat](https://feedsoft.ai/events/60962-china-may-buy-up-to-7-million-tons-of-u-s-wheat.md) | -1.9% | -11.7% |
| KWHEAT | 2020-03-24 | [China makes largest U.S. grain purchases since start of trade war - UPI.com](https://feedsoft.ai/events/54008-china-makes-largest-u-s-grain-purchases-since-start-of-trade-war-upi-com.md) | -0.6% | +1.5% |
| KWHEAT | 2020-03-23 | [China purchases US grain \| 2020-03-23  \| World Grain](https://feedsoft.ai/events/54006-china-purchases-us-grain-2020-03-23-world-grain.md) | +3.8% | +5.6% |
| KWHEAT | 2020-03-30 | [A page of good news for wheat growers - Brownfield Ag News](https://feedsoft.ai/events/54175-a-page-of-good-news-for-wheat-growers-brownfield-ag-news.md) | -3.0% | -3.3% |
| KWHEAT | 2020-03-20 | [CBOT wheat futures rise on reports of China buying US wheat](https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat.md) | +4.7% | +2.8% |
| WHEAT | 2020-07-10 | [China books second-biggest U.S. corn purchase on record, also buys wheat](https://feedsoft.ai/events/51981-china-books-second-biggest-u-s-corn-purchase-on-record-also-buys-wheat.md) | -0.1% | -0.8% |
| WHEAT | 2017-12-13 | [Algerian wheat purchase raises U.S. farmer hopes for exports](https://feedsoft.ai/events/11625-algerian-wheat-purchase-raises-u-s-farmer-hopes-for-exports.md) | +1.4% | +2.7% |
| WHEAT | 2019-01-23 | [China may buy up to 7 million tons of U.S. wheat](https://feedsoft.ai/events/60962-china-may-buy-up-to-7-million-tons-of-u-s-wheat.md) | -0.3% | -2.7% |

## Sources

- northernag.net: https://www.northernag.net/major-chinese-purchase-of-u-s-wheat/

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