Vietnam’s feed wheat imports rose 60% year over year to January–August 2026, accounting for 56% of total wheat imports; Argentina supplied 84% of feed wheat imports. Imports slowed sharply in July and August, and USDA forecasts total wheat imports will fall to 6.3 million tonnes in 2026/27 from an estimated 7.28 million tonnes in 2025/26.
Vietnam also imported 960,000 tonnes of DDGS, down 3% year over year.
Strong feed-wheat buying, particularly from Argentina, supports demand for wheat in the near term, though the lower USDA import forecast points to weaker demand ahead. Slightly lower DDGS imports are a modest negative for DDGS demand.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.