# New Crop HRW Demand is Up Significantly - U.S. Wheat Associates

> As of May 16, U.S. hard red winter wheat commercial sales for delivery in the 2019/20 marketing year reached a record 1.08 million metric tons. Weekly sales since early March are running more than four times the prior year's pace and double the five-year average. Increases to Algeria, Iraq, Nigeria, Saudi Arabia and Thailand drove the gains.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/59126-new-crop-hrw-demand-is-up-significantly-u-s-wheat-associates
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Strong forward buying from importers supports HRW export demand and underpins new-crop Kansas City wheat prices. Analysts credit competitive global pricing and ample exportable supply.

## Read by commodity

- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2019-05-29 | 5 | +12.6% | 2.9 | Record new-crop HRW export sales signal strong demand that supports prices, though it is a slower-moving factor. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-02-19 | [Supply, Quality and Price Support USDA Wheat Export Estimates - U.S. Wheat Associates](https://feedsoft.ai/events/54638-supply-quality-and-price-support-usda-wheat-export-estimates-u-s-wheat.md) | -6.3% | -11.0% |
| 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 | 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% |
| 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% |

## Sources

- uswheat.org: https://uswheat.org/wheatletter/new-crop-hrw-demand-is-up-significantly/

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