# Outside news affects market price swing - Farm and Dairy

> Commentary attributes recent grain and energy price declines to coronavirus fears that cut expected travel and demand in China during the Lunar New Year. It also notes the U.S. equity sell-off and stalled buying under the China trade deal.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/55099-outside-news-affects-market-price-swing-farm-and-dairy
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Virus-driven demand fears pressure corn, soybean and energy prices, with trade-deal purchases still uncertain.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -1.1% | +2.5% |
| CORN | 2018-12-04 | [African Swine Fever, Structural Changes Disrupt China's Pork Market](https://feedsoft.ai/events/61544-african-swine-fever-structural-changes-disrupt-china-s-pork-market.md) | +0.5% | +2.6% |
| CORN | 2025-02-28 | [Are egg producers inflating prices during the bird flu outbreak to boost profits? \| AP News](https://feedsoft.ai/events/26059-are-egg-producers-inflating-prices-during-the-bird-flu-outbreak-to-boost.md) | -2.4% | +0.5% |
| CORN | 2021-07-18 | [Bird flu outbreak hits a farm at Denu in Volta \| Ghana News Agency](https://feedsoft.ai/events/45948-bird-flu-outbreak-hits-a-farm-at-denu-in-volta-ghana-news-agency.md) | -1.1% | +0.0% |
| CORN | 2019-10-03 | [Rabobank: ASF to affect markets, flow for 3-5 years](https://feedsoft.ai/events/56564-rabobank-asf-to-affect-markets-flow-for-3-5-years.md) | +2.7% | +0.5% |
| SOY | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -3.0% | -6.7% |
| SOY | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | +3.4% | +5.8% |
| SOY | 2019-05-15 | [Soybeans suffer 1-2 punch from trade fight and a disease that’s ravaging China’s swine herd - MarketWatch](https://feedsoft.ai/events/6666-soybeans-suffer-1-2-punch-from-trade-fight-and-a-disease-that-s-ravaging-china.md) | +0.5% | +7.4% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/outside-news-affects-market-price-swing/597052.html

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