# Corn Prices Still Lag Because of Demand | Hoosier Ag Today

> Illinois Extension economist Todd Hubbs says USDA's 2020/21 corn use projections of 14.775 billion bushels look high, requiring strong feed use and low prices. Ethanol production is running about 10% below normal, and exports above two billion bushels will need low prices to compete with South America.

- Date: 2020-08-31 · published 2020-08-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/51640-corn-prices-still-lag-because-of-demand-hoosier-ag-today
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

If demand must be supported by low prices, corn rallies may be capped, keeping feed corn costs contained for buyers. Weak ethanol demand and South American competition limit upside.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-10 | [Fear in the Market Drives Dow and Crude Oil Lower, Drags Ag Markets Along \| Hoosier Ag Today](https://feedsoft.ai/events/11271-fear-in-the-market-drives-dow-and-crude-oil-lower-drags-ag-markets-along.md) | -3.4% | -3.3% |
| CORN | 2026-03-01 | [Why Corn and Soybean Prices May Not Rebound Until 2027](https://feedsoft.ai/events/20625-why-corn-and-soybean-prices-may-not-rebound-until-2027.md) | +2.0% | +5.1% |
| CORN | 2020-03-30 | [The Rapid Demise of the Corn Basis](https://feedsoft.ai/events/54230-the-rapid-demise-of-the-corn-basis.md) | +3.6% | -5.7% |
| CORN | 2023-09-22 | [The Dollar Still Has Plenty of Swagger](https://feedsoft.ai/events/34311-the-dollar-still-has-plenty-of-swagger.md) | +1.4% | +3.0% |
| CORN | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -3.4% | -3.3% |

## Sources

- hoosieragtoday.com: https://www.hoosieragtoday.com/2020/08/30/corn-prices-still-lag-because-of-demand/

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