# Economic recovery hinges on virus control, consumer confidence | Western Livestock Journal

> CoBank's quarterly report says the US economic rebound is real but the sharpest post-shutdown gains are likely behind us, with indicators pointing to a plateau and possible downshift. The report notes steady wheat export activity and China purchases running below phase one commitments.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/52113-economic-recovery-hinges-on-virus-control-consumer-confidence-western-livestock
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A slowing economy and below-target China buying weigh on demand sentiment for US grains, though strong wheat exports and sorghum demand provide some support.

## Read by commodity

- CORN: neutral
- WHEAT: neutral
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-06-04 | [Market Outlook Considerations for Week Beginning June 4, 2018](https://feedsoft.ai/events/6747-market-outlook-considerations-for-week-beginning-june-4-2018.md) | +0.2% | -1.4% |
| WHEAT | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | +0.2% | -2.0% |
| WHEAT | 2023-03-14 | [Assessing tight global wheat stocks and their role in price volatility \| IFPRI](https://feedsoft.ai/events/36895-assessing-tight-global-wheat-stocks-and-their-role-in-price-volatility-ifpri.md) | -2.1% | -6.4% |
| WHEAT | 2016-08-14 | [Global prices, bumper crop, monsoon bring relief: Farm clouds begin to clear](https://feedsoft.ai/events/9954-global-prices-bumper-crop-monsoon-bring-relief-farm-clouds-begin-to-clear.md) | -0.3% | -2.5% |
| WHEAT | 2019-04-15 | [Grain commodities: Looking back and ahead - SA Grain](https://feedsoft.ai/events/59715-grain-commodities-looking-back-and-ahead-sa-grain.md) | -2.0% | -12.7% |
| CORN | 2022-05-23 | [Euro scales three-week high on Chinese recovery hopes](https://feedsoft.ai/events/12693-euro-scales-three-week-high-on-chinese-recovery-hopes.md) | +0.0% | -1.2% |
| CORN | 2022-12-15 | [U.S. soybean futures fall; corn, wheat firm with focus on economy \| Reuters](https://feedsoft.ai/events/5520-u-s-soybean-futures-fall-corn-wheat-firm-with-focus-on-economy-reuters.md) | +2.2% | +4.0% |
| CORN | 2020-03-01 | [Coronavirus fears dampening canola futures \| The Western Producer](https://feedsoft.ai/events/12542-coronavirus-fears-dampening-canola-futures-the-western-producer.md) | +1.7% | -3.5% |

## Sources

- wlj.net: https://www.wlj.net/economic-recovery-hinges-on-virus-control-consumer-confidence/

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