# Coronavirus levelling out bullish grain markets | The Land | NSW

> China reportedly made the first purchase of Australian wheat for the current campaign, surprising the market. Aussie cash prices have rallied, and Chicago wheat pushed to 570 for March after the US-China phase 1 deal, while coronavirus fears add a risk-off tone. Australian sorghum prices are at record levels amid a lack of planting rains.

- Date: 2020-01-28 · published 2020-01-28T12:00:00.000Z
- Category: trade · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/55122-coronavirus-levelling-out-bullish-grain-markets-the-land-nsw
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Chinese buying of Australian wheat and the phase 1 deal support export demand, but coronavirus-driven risk-off sentiment and Black Sea cash weakness cap gains.

## Read by commodity

- WHEAT: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-14 | [Exports moving at a good clip \| The Land \| NSW](https://feedsoft.ai/events/47555-exports-moving-at-a-good-clip-the-land-nsw.md) | +4.2% | +7.6% |
| WHEAT | 2026-10-29 | [Wheat Rallies on China Interest Pulling Corn Along and Bottoming the Market?](https://feedsoft.ai/events/1978-wheat-rallies-on-china-interest-pulling-corn-along-and-bottoming-the-market.md) | -0.4% | — |
| WHEAT | 2025-06-09 | [Tariffs, heat, high stakes: how to navigate the grain market](https://feedsoft.ai/events/24268-tariffs-heat-high-stakes-how-to-navigate-the-grain-market.md) | -1.5% | -3.9% |
| WHEAT | 2026-04-13 | [Grain shipments ramp up as farmer selling set to slow \| Market Focus \| farmweeknow.com](https://feedsoft.ai/events/16371-grain-shipments-ramp-up-as-farmer-selling-set-to-slow-market-focus-farmweeknow.md) | +3.6% | +0.8% |
| WHEAT | 2020-10-02 | [Wheat, Rice Prices Surge in Coronavirus Lockdown \| Feed & Grain](https://feedsoft.ai/events/50691-wheat-rice-prices-surge-in-coronavirus-lockdown-feed-and-grain.md) | +1.9% | +3.6% |

## Sources

- theland.com.au: https://www.theland.com.au/story/6601702/coronavirus-levelling-out-bullish-grain-markets/

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