
Vietnam's feed wheat imports rose 60% in January–August 2026 versus a year earlier, driven by wheat's lower cost relative to other feed ingredients. Total wheat imports reached 5.4 million tons, with Argentina supplying 84% of feed wheat, and USDA projects Vietnam's total wheat imports to fall to 6.3 million tons in 2026/27.
Strong price-driven feed wheat buying from Argentina supports South American wheat export demand and substitutes for corn and DDGS in Asian compound feed. The projected decline in 2026/27 imports, and the slowdown in August purchases, limit the upside for prices.
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.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.