# AgriCensus Report

> Agricultural futures fell sharply early Monday as fears of lockdowns in major Chinese cities over the coronavirus outbreak raised concerns about demand for US meat and energy. Chicago soybeans fell to a six-week low, corn hit a near two-week low, and Dalian soymeal reached a seven-month low.

- Date: 2020-01-29 · published 2020-01-29T12:00:00.000Z
- Category: disease · region China · magnitude high
- Page: https://feedsoft.ai/events/8053-agricensus-report
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Expected weaker Chinese consumption and reduced feed and meat demand point to lower prices for soybeans, meal, and corn, with energy also pressured by the demand outlook.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- HOGS: bearish ▼
- BRENT: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2020-01-27 | 1 | -2.6% | -4.0 | Sharp early Monday (Jan 27) agricultural futures losses on Chinese lockdown fears, with soybeans and corn at multi-week lows, spilled over into wheat as a sentiment/demand shock. |
| SBO | 2020-01-31 | 5 | -6.5% | -3.0 | Coronavirus lockdown fears hit agricultural and energy futures in the days before Jan 31, raising demand concerns for China and crude-linked biofuel demand, which plausibly pressured soybean oil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2019-05-15 | [US-China dispute and effects of ASF on feed - Food & Agribusiness](https://feedsoft.ai/events/59077-us-china-dispute-and-effects-of-asf-on-feed-food-and-agribusiness.md) | +0.5% | +7.4% |
| SOY | 2018-12-05 | [More and more ASF cases in China - imports of US pork](https://feedsoft.ai/events/61547-more-and-more-asf-cases-in-china-imports-of-us-pork.md) | +0.9% | -0.2% |
| SOY | 2018-03-12 | [AI impact on the South African feed industry - Food & Agribusiness](https://feedsoft.ai/events/66001-ai-impact-on-the-south-african-feed-industry-food-and-agribusiness.md) | +2.0% | +1.7% |
| SOY | 2020-02-03 | [Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture](https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush.md) | +1.1% | +2.1% |
| SOY | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -1.2% | +4.3% |
| SBM | 2019-08-30 | [Genesus Global Market Report: China - August 2019
						 \| The Pig Site](https://feedsoft.ai/events/57566-genesus-global-market-report-china-august-2019-the-pig-site.md) | -1.6% | -0.7% |
| SBM | 2020-11-16 | [Genesus Global Market Report: China, November 2020
						 \| The Pig Site](https://feedsoft.ai/events/50148-genesus-global-market-report-china-november-2020-the-pig-site.md) | +1.7% | -1.9% |
| SBM | 2021-06-11 | [Weekly poultry digest: Europe issues a report on bird flu
						 \| The Poultry Site](https://feedsoft.ai/events/46582-weekly-poultry-digest-europe-issues-a-report-on-bird-flu-the-poultry-site.md) | -4.8% | -5.6% |

## Sources

- commodityconversations.com: https://commodityconversations.com/wordpress2/2020/01/29/agricensus-report-53/

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