# Grains, like economy, trend lower on coronavirus concerns - Agweek | #1 source for agriculture news, farming, markets

> Grains traded lower in the last week of February 2020 as coronavirus concerns spread to South Korea, Japan, Iran and Italy. Wheat, corn and soybeans posted new lows for the year, and US stocks fell sharply, with the Dow down 9.6% from its February high. Wheat exchanges traded to December 2019 lows.

- Date: 2020-03-01 · published 2020-03-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Coronavirus-driven risk aversion is pushing grain prices to yearly lows, reducing feed costs but adding volatility as markets weigh the economic impact.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-10-29 | [U.S. dollar pressuring grains - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/68485-u-s-dollar-pressuring-grains-agweek-1-source-for-agriculture-news-farming.md) | -3.8% | -5.6% |
| WHEAT | 2019-08-04 | [Strengthening dollar weighing down exports - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/6043-strengthening-dollar-weighing-down-exports-agweek-1-source-for-agriculture-news.md) | -0.5% | -1.1% |
| WHEAT | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | +0.8% | -0.1% |
| WHEAT | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | +8.2% | +8.9% |
| WHEAT | 2023-05-31 | [Canada Know-Risk Market Outlook \| Ag Markets Lower on Weak Demand, Planting Progress, and Recession Concerns](https://feedsoft.ai/events/36053-canada-know-risk-market-outlook-ag-markets-lower-on-weak-demand-planting.md) | -3.2% | +9.0% |
| CORN | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | -6.6% | -4.5% |
| CORN | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | -10.7% | -8.4% |
| CORN | 2020-04-10 | [Markets starting to reveal new demand paradigms — this week in the grain markets - RealAgriculture](https://feedsoft.ai/events/53693-markets-starting-to-reveal-new-demand-paradigms-this-week-in-the-grain-markets.md) | -5.4% | -6.1% |

## Sources

- agweek.com: https://www.agweek.com/business/grains-like-economy-trend-lower-on-coronavirus-concerns

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