# Chicago wheat futures firm on export deal hopes, traders adjusting positions — TradingView News

> CBOT wheat futures closed higher on Tuesday as traders grew optimistic about a U.S.-China trade deal, with December SRW at $5.29 and KC HRW up 5-3/4 cents. Trump said the two countries were set to come away with a deal ahead of a planned Xi meeting in South Korea. EU soft wheat exports for the season had reached 6.25 million tons by October 26, down 21% year on year.

- Date: 2025-10-28 · published 2025-10-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/5429-chicago-wheat-futures-firm-on-export-deal-hopes-traders-adjusting-positions
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expected Chinese purchases of U.S. grain support export demand and lift futures, while weak EU export pace keeps competition for global wheat sales subdued.

## Read by commodity

- SOY: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-11-03 | [CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News](https://feedsoft.ai/events/21997-cbot-wheat-ends-higher-on-hopes-of-china-demand-technical-buying-tradingview.md) | -3.6% | -4.6% |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| WHEAT | 2025-05-01 | [US export demand pulls corn prices higher — TradingView News](https://feedsoft.ai/events/24703-us-export-demand-pulls-corn-prices-higher-tradingview-news.md) | +2.3% | -3.1% |
| WHEAT | 2020-10-20 | [U.S. corn, soy futures rise on strong exports; wheat firm on weather woes \| Financial Post](https://feedsoft.ai/events/50664-u-s-corn-soy-futures-rise-on-strong-exports-wheat-firm-on-weather-woes.md) | +0.0% | -4.6% |
| KWHEAT | 2025-11-03 | [CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News](https://feedsoft.ai/events/21997-cbot-wheat-ends-higher-on-hopes-of-china-demand-technical-buying-tradingview.md) | -1.0% | -1.4% |
| KWHEAT | 2025-07-31 | [Basis steady as futures rise — TradingView News](https://feedsoft.ai/events/23802-basis-steady-as-futures-rise-tradingview-news.md) | -2.0% | -7.0% |
| KWHEAT | 2026-10-29 | [Wheat Futures Turn Higher After USDA Export Sales Hit… - SquawkNews](https://feedsoft.ai/events/2010-wheat-futures-turn-higher-after-usda-export-sales-hit-squawknews.md) | -2.3% | — |

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2025:newsml_L1N3W91B1:0-chicago-wheat-futures-firm-on-export-deal-hopes-traders-adjusting-positions/

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