US Hard Red Winter (HRW) wheat exports are forecast to fall to their lowest level since the US Department of Agriculture (USDA) began tracking such data in 1973, according to a recent report from the Economic Research Service (ERS). The ERS projected HRW exports to decline to 155 million tonnes, revised downward by 10 million tonnes from its August projection. HRW supplies have seen a long-term downturn in US acreage as corn and soy have gained acreage in many locations,” the ERS said. “At the same time, international wheat competition has surged, resulting in exports of this class being less competitive on the global market.”