# Declines in 2020 Corn and Soybeans Harvest-time Futures Contracts in Perspective - farmdoc daily

> December 2020 corn settled at $3.35 per bushel and November soybeans at $8.61 on June 29, levels near mid-2000s prices. Corn fell 14% from its February projected price, driven by COVID-19 concerns. Analysts note these harvest-time levels are well below recent years.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/52655-declines-in-2020-corn-and-soybeans-harvest-time-futures-contracts-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower harvest-time price expectations reduce the incentive for farmers to expand production and signal weaker feed grain costs ahead. Buyers can plan on cheaper corn and soybean supplies at harvest.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-05-15 | [2017-18 Market Prospects for Corn and Soybeans - farmdoc daily](https://feedsoft.ai/events/70852-2017-18-market-prospects-for-corn-and-soybeans-farmdoc-daily.md) | +0.5% | +3.5% |
| CORN | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +2.3% | +3.3% |
| CORN | 2023-09-19 | [More Corn Acres and the Prospect of Large Stocks and Low Prices - farmdoc daily](https://feedsoft.ai/events/7187-more-corn-acres-and-the-prospect-of-large-stocks-and-low-prices-farmdoc-daily.md) | +1.0% | +1.6% |
| CORN | 2020-04-30 | [Numbers for the 2019/20 soybean and corn harvests are reviewed by Datagro - Revista Cultivar](https://feedsoft.ai/events/53473-numbers-for-the-2019-20-soybean-and-corn-harvests-are-reviewed-by-datagro.md) | +1.9% | +2.3% |
| CORN | 2024-05-14 | [Sizing Up Potential Downside Risk for New-Crop Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/30287-sizing-up-potential-downside-risk-for-new-crop-corn-and-soybean-prices-farmdoc.md) | +0.5% | +4.8% |
| SOY | 2023-10-18 | [Brazil Expected to Expand Soybean Acreage and Reduce Corn Acreage - farmdoc daily](https://feedsoft.ai/events/13622-brazil-expected-to-expand-soybean-acreage-and-reduce-corn-acreage-farmdoc-daily.md) | -0.1% | +5.6% |
| SOY | 2018-01-15 | [Brazil forecasts 110m tons of soybeans and 25m tons of corn in 2017/18 harvest — MercoPress](https://feedsoft.ai/events/66834-brazil-forecasts-110m-tons-of-soybeans-and-25m-tons-of-corn-in-2017-18-harvest.md) | +4.3% | +6.1% |
| SOY | 2024-05-14 | [Sizing Up Potential Downside Risk for New-Crop Corn and Soybean Prices - farmdoc daily](https://feedsoft.ai/events/30287-sizing-up-potential-downside-risk-for-new-crop-corn-and-soybean-prices-farmdoc.md) | +3.5% | -2.3% |

## Sources

- farmdocdaily.illinois.edu: https://farmdocdaily.illinois.edu/2020/06/declines-in-2020-corn-and-soybeans-harvest-time-futures-contracts-in-perspective.html

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