# Soybeans drop on China demand worries, wheat near 4-week peak | Financial Post

> Chicago soybean futures edged lower on Thursday, falling for a third session out of four on concerns about declining Chinese demand amid the coronavirus epidemic and lockdowns in several Chinese regions. Wheat traded near its highest since late January after Australia said its 2019/20 harvest missed forecasts due to drought. Corn was up 0.2%.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/10635-soybeans-drop-on-china-demand-worries-wheat-near-4-week-peak-financial-post
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Weaker Chinese crush and feed demand pressures soybean and meal prices, while Australian crop shortfalls support wheat and feed-grain alternatives.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -1.1% | -0.1% |
| SOY | 2019-03-12 | [Swine fever hurts China soybean demand, raises doubts on trade promises](https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises.md) | +3.2% | +2.4% |
| SOY | 2019-09-27 | [Fatter pigs, new farms to boost China soymeal demand](https://feedsoft.ai/events/57086-fatter-pigs-new-farms-to-boost-china-soymeal-demand.md) | +2.6% | +5.0% |
| SOY | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +6.2% | +17.8% |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SBM | 2018-08-27 | [China's soybean, soymeal futures fall on African swine fever worries](https://feedsoft.ai/events/63548-china-s-soybean-soymeal-futures-fall-on-african-swine-fever-worries.md) | -2.9% | -2.6% |
| SBM | 2019-03-12 | [Swine fever hurts China soybean demand, raises doubts on trade promises](https://feedsoft.ai/events/60092-swine-fever-hurts-china-soybean-demand-raises-doubts-on-trade-promises.md) | +4.4% | +4.2% |
| SBM | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +3.2% | +11.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/soybeans-drop-on-china-demand-worries-wheat-near-4-week-peak

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