# Wheat extends rally as China demand assessed | Financial Post

> Chicago wheat futures rose to a three-week high of $5.45 a bushel on Friday as traders assessed reports of Chinese purchases of U.S. wheat. Exporters had sold at least two cargoes of hard red winter wheat and two of soybeans to Chinese buyers, and talk of broader Chinese buying lifted corn and soybeans.

- Date: 2020-03-20 · published 2020-03-20T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/7271-wheat-extends-rally-as-china-demand-assessed-financial-post
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese purchases of U.S. wheat, corn and soybeans increase export demand and tighten U.S. supplies, supporting prices. Corn also tracked crude oil, which adds an energy-linked influence.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| KWHEAT | 2020-03-22 | 5 | +13.2% | 3.7 | Chicago wheat reached a three-week high on 3/20 as traders assessed Chinese buying of US HRW cargoes, a demand/trade-flow driver within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-12-12 | [Corn, wheat, soy rally on U.S.-China trade hopes, export demand \| Financial Post](https://feedsoft.ai/events/6298-corn-wheat-soy-rally-on-u-s-china-trade-hopes-export-demand-financial-post.md) | +2.5% | +4.4% |
| WHEAT | 2021-01-29 | [Corn holds firm near 7-1/2 year high on China demand \| Financial Post](https://feedsoft.ai/events/49182-corn-holds-firm-near-7-1-2-year-high-on-china-demand-financial-post.md) | -9.7% | +0.1% |
| WHEAT | 2021-10-29 | [Wheat set for best monthly rise since April on strong demand, supply crunch \| Financial Post](https://feedsoft.ai/events/44578-wheat-set-for-best-monthly-rise-since-april-on-strong-demand-supply-crunch.md) | +9.5% | +8.6% |
| WHEAT | 2025-03-13 | [EU wheat rises as export demand stirs](https://feedsoft.ai/events/5626-eu-wheat-rises-as-export-demand-stirs.md) | +5.7% | +2.3% |
| WHEAT | 2020-03-20 | [U.S. wheat, soy rise after export deals; corn sags on ethanol woes \| Financial Post](https://feedsoft.ai/events/6108-u-s-wheat-soy-rise-after-export-deals-corn-sags-on-ethanol-woes-financial-post.md) | -6.6% | -2.9% |
| KWHEAT | 2025-11-03 | [CBOT wheat ends higher on hopes of China demand, technical buying — TradingView News](https://feedsoft.ai/events/21997-cbot-wheat-ends-higher-on-hopes-of-china-demand-technical-buying-tradingview.md) | -1.0% | -1.4% |
| KWHEAT | 2020-10-27 | [Demand-driven wheat rally supported by production uncertainty - Grain Central](https://feedsoft.ai/events/50675-demand-driven-wheat-rally-supported-by-production-uncertainty-grain-central.md) | +0.2% | -0.1% |
| KWHEAT | 2018-01-11 | [Sustained Demand for U.S. Wheat in a New Price Environment - U.S. Wheat Associates](https://feedsoft.ai/events/67015-sustained-demand-for-u-s-wheat-in-a-new-price-environment-u-s-wheat-associates.md) | -2.5% | +7.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/wheat-extends-rally-as-china-demand-assessed

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