# Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along | Hoosier Ag Today

> The Dow fell over 2,000 points and soybeans dropped more than 20 cents on the May contract on March 10. US crude oil fell over $10 to $31.13 a barrel amid a Saudi-Russia price war. Analysts described the selling as driven by fear rather than fundamentals.

- Date: 2020-03-10 · published 2020-03-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Energy-led liquidation and fear-driven selling push ag prices lower and raise volatility, weighing on biofuel-linked demand for soyoil and corn. Buyers face elevated price risk with no clear fundamental floor.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-03-12 | [Fear is the price killer in commodity markets - Manitoba Co-operator](https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator.md) | -4.9% | -1.5% |
| SOY | 2026-03-20 | [Grains, oilseeds lower as dollar rises \| MarketScreener](https://feedsoft.ai/events/11694-grains-oilseeds-lower-as-dollar-rises-marketscreener.md) | +0.4% | -0.1% |
| SOY | 2017-09-29 | [Dollar's Gains Pared, but Set to Snap Six Month Losing Streak Against the Euro - Marc to Market  Marc Chandler on Global FX and Capital Markets](https://feedsoft.ai/events/69152-dollar-s-gains-pared-but-set-to-snap-six-month-losing-streak-against-the-euro.md) | +0.9% | +1.2% |
| SOY | 2022-08-16 | [Turner's Take Ag Markets \| Rains and Chinese Rate Cut Sends CBOT Lower](https://feedsoft.ai/events/6530-turner-s-take-ag-markets-rains-and-chinese-rate-cut-sends-cbot-lower.md) | +2.2% | +2.7% |
| SOY | 2021-12-01 | [Factors Expected to Drive the 2022 Corn Market](https://feedsoft.ai/events/44073-factors-expected-to-drive-the-2022-corn-market.md) | +2.7% | +11.4% |
| CORN | 2020-08-31 | [Corn Prices Still Lag Because of Demand \| Hoosier Ag Today](https://feedsoft.ai/events/51640-corn-prices-still-lag-because-of-demand-hoosier-ag-today.md) | +0.2% | +5.4% |
| CORN | 2025-03-05 | [Declining crude oil and vegetable oil prices lower prices for sunflower seeds and oil in Ukraine](https://feedsoft.ai/events/11140-declining-crude-oil-and-vegetable-oil-prices-lower-prices-for-sunflower-seeds.md) | +3.5% | +6.0% |
| CORN | 2018-11-30 | [Crude Oil Dragging Down Corn \| Red River Farm Network](https://feedsoft.ai/events/62099-crude-oil-dragging-down-corn-red-river-farm-network.md) | +8.0% | +8.5% |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2020/03/10/fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along/

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