# CBOT wheat futures rise on reports of China buying US wheat

> CBOT SRW wheat rose 4.2% to $5.40/bu and KC HRW rose 3.7% to $4.76/bu after reports that China bought at least two cargoes of US HRW, its first US wheat purchases since 2017. Reports of US millers buying for flour production also supported prices.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6106-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Chinese purchases of US wheat support export demand and firm U.S. wheat prices, which can tighten the feed wheat spread versus corn.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-03-22 | 5 | +13.2% | 3.7 | On 2020-03-20, reports of Chinese purchases of US HRW (first since 2017) plus US miller buying lifted KC HRW 3.7%, directly inside the 5-day window ending 3/22. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2019-01-23 | [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% |
| WHEAT | 2016-12-13 | [Futures up in week of wheat gains \| VIC](https://feedsoft.ai/events/73430-futures-up-in-week-of-wheat-gains-vic.md) | -1.2% | +1.2% |
| WHEAT | 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) | -0.3% | +3.1% |
| 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 | 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 | 2016-12-13 | [Futures up in week of wheat gains \| VIC](https://feedsoft.ai/events/73430-futures-up-in-week-of-wheat-gains-vic.md) | +4.2% | +8.6% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/032020-cbot-wheat-futures-rise-on-reports-of-china-buying-us-wheat

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