# Weekly Wheat Wonders: The Wheat Markets Cope With Chaos | CZ app

> Chinese reports of no new domestic COVID-19 cases and rumours of Chinese buying of US HRW and HRS wheat lifted the Kansas HRW market by 30 cents/bu. Panic stockpiling raised short-term wheat demand, while Russia and Saudi Arabia's dispute crushed oil and rouble values.

- Date: 2020-03-19 · published 2020-03-19T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/6111-weekly-wheat-wonders-the-wheat-markets-cope-with-chaos-cz-app
- Commodities: [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Expected Chinese purchases and short-term stockpiling support U.S. wheat demand, while the oil slump weakens ethanol and energy-linked feed input values.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-03-22 | 5 | +13.2% | 3.7 | On 3/19, rumours of Chinese buying and panic stockpiling lifted Kansas HRW by 30 cents/bu, a major contributor to the weekly gain. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| KWHEAT | 2019-12-07 | [The U.S. is competitive in the wheat export market](https://feedsoft.ai/events/55618-the-u-s-is-competitive-in-the-wheat-export-market.md) | +3.0% | +14.5% |
| KWHEAT | 2023-06-21 | [The Wheat Marketing Year in Review](https://feedsoft.ai/events/35528-the-wheat-marketing-year-in-review.md) | +0.2% | +3.7% |
| KWHEAT | 2017-07-20 | [Asian millers caught by wheat rally \| The Western Producer](https://feedsoft.ai/events/69999-asian-millers-caught-by-wheat-rally-the-western-producer.md) | -4.9% | -16.1% |
| KWHEAT | 2018-10-10 | [World wheat price rises on Russian concerns \| Farm Weekly \| WA](https://feedsoft.ai/events/62581-world-wheat-price-rises-on-russian-concerns-farm-weekly-wa.md) | +1.6% | -2.2% |
| KWHEAT | 2025-02-13 | [Further decline in Black Sea wheat exports: Grain market daily \| AHDB](https://feedsoft.ai/events/14227-further-decline-in-black-sea-wheat-exports-grain-market-daily-ahdb.md) | +2.7% | -2.8% |
| WHEAT | 2025-10-29 | [UK wheat strengthens to £165/t as US-China talks lift markets - Farmers Weekly](https://feedsoft.ai/events/22459-uk-wheat-strengthens-to-165-t-as-us-china-talks-lift-markets-farmers-weekly.md) | -2.8% | -6.1% |
| WHEAT | 2023-06-21 | [The Wheat Marketing Year in Review](https://feedsoft.ai/events/35528-the-wheat-marketing-year-in-review.md) | +9.4% | +0.6% |
| WHEAT | 2026-10-29 | [Wheat Sales Hit Marketing-Year High Weekly \| Feed & Grain](https://feedsoft.ai/events/2022-wheat-sales-hit-marketing-year-high-weekly-feed-and-grain.md) | -0.4% | — |

## Sources

- czapp.com: https://www.czapp.com/analyst-insights/weekly-wheat-wonders-the-wheat-markets-cope-with-chaos/

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