# Global corn prices accelerated their decline 01.12.2021 - UkrAgroConsult

> Global corn prices fell after oil dropped about 20% in a few days, pressuring biofuel-linked crops. European corn futures fell 9.3% in a week, while Chicago corn declined only about 2% and Black Sea prices eased, with traders watching whether China resumes Ukrainian corn purchases.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/43623-global-corn-prices-accelerated-their-decline-01-12-2021-ukragroconsult
- Commodities: [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)

## Why it matters

Lower energy prices reduce ethanol and biofuel demand support for corn, while EU import slowdowns add bearish pressure on export-linked prices.

## Read by commodity

- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | -11.6% | -12.4% |
| CORN | 2022-03-17 | [Asian corn plunges $13/mt on day, posts biggest daily drop on record 17.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/9946-asian-corn-plunges-13-mt-on-day-posts-biggest-daily-drop-on-record-17-03-2022.md) | +2.8% | +7.8% |
| 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 | 2017-01-27 | [World events and their effect on agricultural commodity prices](https://feedsoft.ai/events/73092-world-events-and-their-effect-on-agricultural-commodity-prices.md) | +2.2% | +1.2% |
| CORN | 2022-12-16 | [Global recession worries chip away at corn, soybeans – The Seam](https://feedsoft.ai/events/5521-global-recession-worries-chip-away-at-corn-soybeans-the-seam.md) | +0.7% | +3.0% |
| WTI | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | +8.8% | +15.8% |
| WTI | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +8.7% | -4.9% |
| WTI | 2020-02-26 | [Oil extends losses as coronavirus outbreak accelerates outside China \| S&P Global](https://feedsoft.ai/events/7114-oil-extends-losses-as-coronavirus-outbreak-accelerates-outside-china-s-and-p.md) | -5.2% | -55.9% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/global-corn-prices-accelerated-their-decline/

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