# Farming News - Wheat & OSR market update - coronavirus & weather dominate

> US wheat prices fell about $10/t on the week after the CDC said coronavirus would likely spread into the US. China will waive import duties on numerous US farm products from March 2. USDA Outlook Forum projected 2020 US all-wheat area at a record low 45 million acres.

- Date: 2020-02-28 · published 2020-02-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/10639-farming-news-wheat-and-osr-market-update-coronavirus-and-weather-dominate
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower US acreage and projected stock declines support wheat prices, while coronavirus-driven risk-off sentiment and a firmer dollar offset gains.

## Read by commodity

- DXY: bullish ▲
- WHEAT: neutral
- KWHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-02-01 | [Farming News - Weekly update on the markets - Brexit & weather dominate](https://feedsoft.ai/events/60902-farming-news-weekly-update-on-the-markets-brexit-and-weather-dominate.md) | -1.2% | -6.2% |
| WHEAT | 2024-03-25 | [French wheat planting slows, but ahead of last year \| Latest Market News](https://feedsoft.ai/events/31151-french-wheat-planting-slows-but-ahead-of-last-year-latest-market-news.md) | -0.6% | +1.9% |
| WHEAT | 2020-07-31 | [Farming News - EU cuts its yield estimate for wheat crop to 5.54t/ha down from 5.6t/ha in June](https://feedsoft.ai/events/52049-farming-news-eu-cuts-its-yield-estimate-for-wheat-crop-to-5-54t-ha-down-from-5.md) | -1.7% | +0.9% |
| WHEAT | 2023-05-19 | [W19: Wheat Update](https://feedsoft.ai/events/35917-w19-wheat-update.md) | -0.9% | -5.4% |
| WHEAT | 2016-10-24 | [EU wheat prices mixed on Chicago slide, better export prospects - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10537-eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects-agweek-1-source.md) | -2.0% | -0.5% |
| KWHEAT | 2019-02-01 | [Farming News - Weekly update on the markets - Brexit & weather dominate](https://feedsoft.ai/events/60902-farming-news-weekly-update-on-the-markets-brexit-and-weather-dominate.md) | -0.6% | -11.7% |
| KWHEAT | 2025-09-05 | [W35 2025: Wheat Weekly Update](https://feedsoft.ai/events/22805-w35-2025-wheat-weekly-update.md) | +1.5% | +4.0% |
| KWHEAT | 2018-11-11 | [Can we really believe the numbers from China? - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/61986-can-we-really-believe-the-numbers-from-china-agweek-1-source-for-agriculture.md) | -1.0% | -2.1% |

## Sources

- farming.co.uk: https://farming.co.uk/news/wheat--osr-market-update---coronavirus--weather-dominate

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