
U.S. Wheat Associates reports USDA expects 2019/20 U.S. wheat exports of 26.5 MMT, up 4% year on year, with commercial sales at 71% of that forecast by late December. HRW sales are running 24% ahead of last year's pace, with Mexico, Nigeria and Taiwan buying more.
Strong export commitments support U.S. wheat demand and firm HRW prices, tightening exportable supplies for the rest of the marketing year.
After 431 past bullish trade events, WHEAT 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, KWHEAT 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.