# Supply, Quality and Price Support USDA Wheat Export Estimates - U.S. Wheat Associates

> USDA raised its 2019/20 US wheat export estimate from 26.5 to 27.2 million metric tons, and U.S. Wheat Associates says the pace of shipments is on track. HRW exports are forecast at 10.6 MMT, 18% above last year, helped by low HRW prices that have since eased 4% to $226/MT FOB.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/54638-supply-quality-and-price-support-usda-wheat-export-estimates-u-s-wheat
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A larger export forecast tightens US wheat supplies and supports export basis, while low relative prices are attracting buyers into the final months of the marketing year.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2020-01-06 | [Mid-Year Report: U.S. Wheat Export Pace Ahead of Last Year - U.S. Wheat Associates](https://feedsoft.ai/events/55125-mid-year-report-u-s-wheat-export-pace-ahead-of-last-year-u-s-wheat-associates.md) | +4.2% | -1.7% |
| KWHEAT | 2018-01-11 | [Sustained Demand for U.S. Wheat in a New Price Environment - U.S. Wheat Associates](https://feedsoft.ai/events/67015-sustained-demand-for-u-s-wheat-in-a-new-price-environment-u-s-wheat-associates.md) | -2.5% | +7.7% |
| KWHEAT | 2018-11-27 | [IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates](https://feedsoft.ai/events/62068-igc-data-shows-u-s-wheat-prices-in-a-rare-position-u-s-wheat-associates.md) | +4.2% | +6.7% |
| KWHEAT | 2026-01-30 | [Wheat continues to rise - export demand supports US](https://feedsoft.ai/events/21105-wheat-continues-to-rise-export-demand-supports-us.md) | -1.6% | +4.7% |
| KWHEAT | 2017-09-07 | [U.S. Wheat Sales on Pace to Match 5-Year Average - U.S. Wheat Associates](https://feedsoft.ai/events/68999-u-s-wheat-sales-on-pace-to-match-5-year-average-u-s-wheat-associates.md) | -1.2% | +3.0% |
| WHEAT | 2020-01-06 | [Mid-Year Report: U.S. Wheat Export Pace Ahead of Last Year - U.S. Wheat Associates](https://feedsoft.ai/events/55125-mid-year-report-u-s-wheat-export-pace-ahead-of-last-year-u-s-wheat-associates.md) | +1.7% | -2.7% |
| WHEAT | 2018-01-11 | [Sustained Demand for U.S. Wheat in a New Price Environment - U.S. Wheat Associates](https://feedsoft.ai/events/67015-sustained-demand-for-u-s-wheat-in-a-new-price-environment-u-s-wheat-associates.md) | -0.4% | +6.0% |
| WHEAT | 2018-11-27 | [IGC Data Shows U.S. Wheat Prices in a Rare Position - U.S. Wheat Associates](https://feedsoft.ai/events/62068-igc-data-shows-u-s-wheat-prices-in-a-rare-position-u-s-wheat-associates.md) | +1.5% | +2.7% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/supply-quality-and-price-support-usda-wheat-export-estimates/

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