Skip to content

U.S. Wheat Export Market Update

June 13th 2024 Edition

Date: 24/06/2024 – Wheat

Welcome to the latest update on U.S. wheat exports. This report provides key data and highlights recent trends on the current state of wheat exports from the United States, drawing on data from the USDA Economic Research Service (ERS) and the Foreign Agricultural Service (FAS). 

Export Volume and Sales

  • Total Known and Unknown Sales: As of June 13, 2024, total known and unknown wheat export sales amounted to 831.2 thousand metric tons for the current marketing year. This includes 667.2 thousand metric tons of known sales and 164 thousand metric tons of unknown sales.
  • Accumulated Exports: Accumulated wheat exports for the current marketing year totaled 688.3 thousand metric tons, with 93.9 thousand metric tons shipped this week alone.

Export Markets

  • European Union: The EU, particularly Italy and Spain, saw significant purchases, with a total of 66.5 thousand metric tons in outstanding sales.
  • Japan: Notable sales to Japan included 118.1 thousand metric tons in outstanding sales.
  • Taiwan: Taiwan has purchased 128.4 thousand metric tons, with 25.8 thousand metric tons in accumulated exports.
  • China: China has entered the market with 62.9 thousand metric tons in outstanding sales.
  • Other Asia and Oceania: This region remains a strong market, with 515.7 thousand metric tons in outstanding sales, including significant purchases by South Korea, the Philippines, Thailand, and Vietnam.
  • Western Hemisphere: Totaling 580.3 thousand metric tons in outstanding sales, with key markets including Colombia, Chile, and Barbados.

Export Markets

The U.S. wheat export market has benefited from reduced competition due to adverse weather conditions affecting wheat production in the European part of Russia and Ukraine. This has narrowed the price spread between U.S. Hard Red Winter wheat (FOB Gulf) and French wheat (FOB Rouen), making U.S. wheat more competitive


The U.S. wheat export market is experiencing a notable upturn due to increased competitiveness and favorable conditions in key export markets. Despite the long-term decline in the U.S. share of the global market, current projections for 2024/25 are optimistic, driven by higher domestic supplies and less competition from other major wheat-producing regions. Regular monitoring of these trends is essential for stakeholders.