# Agricultural food for thought | Buenos Aires Times

> Commentary says the coronavirus pandemic has pushed Chicago soy and maize prices down by up to 20% as biofuel and feed demand shrinks. A record US maize crop is also expected. The author expects wheat to gain from increased acreage.

- Date: 2020-05-23 · published 2020-05-23T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/52973-agricultural-food-for-thought-buenos-aires-times
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Lower demand and larger expected US corn supply weigh on corn and soybean prices, while wheat's acreage shift supports a firmer wheat outlook.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | -6.6% | -4.5% |
| CORN | 2022-07-15 | [Volatility in the markets again this week from WASDE report and inflationary pressures - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/4309-volatility-in-the-markets-again-this-week-from-wasde-report-and-inflationary.md) | -10.7% | -8.4% |
| CORN | 2020-03-09 | [The Sprout: Agriculture futures slip as stock market falls in reaction to oil price drop - iPolitics](https://feedsoft.ai/events/11276-the-sprout-agriculture-futures-slip-as-stock-market-falls-in-reaction-to-oil.md) | +0.3% | -1.7% |
| CORN | 2022-10-31 | [What Does A Central Bank Pivot Mean For Commodity Prices? \| FXEmpire](https://feedsoft.ai/events/39038-what-does-a-central-bank-pivot-mean-for-commodity-prices-fxempire.md) | -2.2% | -3.8% |
| SOY | 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) | -1.2% | -3.4% |
| SOY | 2025-02-19 | [Weekly Commodity Market Update \| Knox County Agricultural News](https://feedsoft.ai/events/26112-weekly-commodity-market-update-knox-county-agricultural-news.md) | -0.7% | -2.5% |
| SOY | 2016-11-09 | [Corn, wheat drop more than 1 percent as Trump wins White House - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/73885-corn-wheat-drop-more-than-1-percent-as-trump-wins-white-house-agweek-1-source.md) | -1.6% | +2.5% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/opinion-and-analysis/agricultural-food-for-thought.phtml

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