# Why have wheat prices taken a turn for the worse? Grain Market Daily | AHDB

> UK May-20 feed wheat futures closed at £150.55/t on February 25, down £2.20/t from the prior Friday. Declines followed coronavirus-driven market falls, large Russian and Ukrainian crop estimates, and a drop in Brent crude.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: disease · region Europe · magnitude medium
- Page: https://feedsoft.ai/events/54640-why-have-wheat-prices-taken-a-turn-for-the-worse-grain-market-daily-ahdb
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Concerns about reduced consumer spending and logistics disruption from the virus, plus larger Black Sea supply, are pushing European wheat and rapeseed lower and cutting feed input costs.

## Read by commodity

- BRENT: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-01-30 | [Coronavirus likely to drag wheat prices as Chinese demand falls \| Analysis & Features \| The Grocer](https://feedsoft.ai/events/55119-coronavirus-likely-to-drag-wheat-prices-as-chinese-demand-falls-analysis-and.md) | -0.0% | +3.2% |
| WHEAT | 2021-11-26 | [First Thing Today: Grain, livestock markets expected to face pressure from global risk-off trade after Thanksgiving - Pro Farmer](https://feedsoft.ai/events/11600-first-thing-today-grain-livestock-markets-expected-to-face-pressure-from-global.md) | -0.8% | -3.5% |
| WHEAT | 2020-01-28 | [Coronavirus Fears Prompt Flight to Safety in Commodity Markets - Caixin Global](https://feedsoft.ai/events/8057-coronavirus-fears-prompt-flight-to-safety-in-commodity-markets-caixin-global.md) | -0.5% | +2.7% |
| WHEAT | 2021-12-01 | [November 2021 Market Letter - IASG](https://feedsoft.ai/events/11597-november-2021-market-letter-iasg.md) | +0.7% | -1.7% |
| WHEAT | 2021-06-16 | [Is Poland’s chicken boom behind its devastating bird flu outbreak? \| Bird flu \| The Guardian](https://feedsoft.ai/events/46577-is-poland-s-chicken-boom-behind-its-devastating-bird-flu-outbreak-bird-flu-the.md) | -8.0% | -12.7% |
| BRENT | 2020-01-22 | [Fueled by concerns over the ‘China virus,’ oil markets tumble - FreightWaves](https://feedsoft.ai/events/12373-fueled-by-concerns-over-the-china-virus-oil-markets-tumble-freightwaves.md) | -7.3% | -10.3% |
| BRENT | 2020-01-30 | [How coronavirus, climate change and OPEC will continue to move crude oil prices](https://feedsoft.ai/events/55264-how-coronavirus-climate-change-and-opec-will-continue-to-move-crude-oil-prices.md) | -7.2% | -9.1% |
| BRENT | 2020-01-28 | [Coronavirus Fears Prompt Flight to Safety in Commodity Markets - Caixin Global](https://feedsoft.ai/events/8057-coronavirus-fears-prompt-flight-to-safety-in-commodity-markets-caixin-global.md) | -8.0% | -4.1% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/why-have-wheat-prices-taken-a-turn-for-the-worse-grain-market-daily

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