# Coronavirus spread pressures grains, oilseeds - Brownfield Ag News

> Soybeans fell sharply on fund and technical selling as coronavirus spread to Japan, South Korea, Iran and Italy, with soybean meal and oil following lower. Mexico bought 163,290 tons of US soybeans, the first USDA-announced sale in three weeks. Corn held up relatively well but hit a multi-month low.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/12543-coronavirus-spread-pressures-grains-oilseeds-brownfield-ag-news
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Coronavirus demand concerns and expected record Brazilian output are weighing on soybean complex prices, while the Mexican purchase offers limited support for US export demand.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2017-05-18 | [Brazil uncertainties shake up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7585-brazil-uncertainties-shake-up-soybeans-corn-brownfield-ag-news.md) | -2.8% | -4.2% |
| SOY | 2020-03-01 | [Grains, like economy, trend lower on coronavirus concerns - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12541-grains-like-economy-trend-lower-on-coronavirus-concerns-agweek-1-source-for.md) | -0.0% | -0.2% |
| SOY | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | +0.4% | -0.1% |
| SOY | 2016-06-24 | [U.S. grains: Soy, corn drop on Brexit fallout - Grainews](https://feedsoft.ai/events/11728-u-s-grains-soy-corn-drop-on-brexit-fallout-grainews.md) | +4.5% | -10.5% |
| SOY | 2020-04-07 | [Coronavirus Sends Crop and Livestock Prices into a Tailspin \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/5743-coronavirus-sends-crop-and-livestock-prices-into-a-tailspin-farm-bureau-intel.md) | -1.0% | -2.0% |
| SBM | 2017-05-18 | [Brazil uncertainties shake up soybeans, corn - Brownfield Ag News](https://feedsoft.ai/events/7585-brazil-uncertainties-shake-up-soybeans-corn-brownfield-ag-news.md) | -2.8% | -4.7% |
| SBM | 2020-02-29 | [Peru suffers the consequences of coronavirus \| Peru Support Group](https://feedsoft.ai/events/54874-peru-suffers-the-consequences-of-coronavirus-peru-support-group.md) | +0.9% | +8.2% |
| SBM | 2020-01-31 | [Coronavirus and current account deficit hit the Brazilian Real against the dollar — MercoPress](https://feedsoft.ai/events/55285-coronavirus-and-current-account-deficit-hit-the-brazilian-real-against-the.md) | -1.1% | +2.4% |

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/coronavirus-spread-pressures-grains-oilseeds-2/

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