# A price paradigm shift for corn is coming, analyst says

> Commentary argues that corn prices are shifting lower because COVID-19 has collapsed energy demand, with an estimated 140 of 206 US ethanol plants shut or idled. Analysts expect planted area to rise, and suggest December corn could trade in a $2.75 to $3.50 range instead of the earlier $3.50 to $4.25.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/53157-a-price-paradigm-shift-for-corn-is-coming-analyst-says
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower ethanol demand from weak energy markets cuts corn use while planting expands supply. Only a weather-driven production shortfall would likely reverse the downward price trend.

## Read by commodity

- WTI: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-05-12 | [COVID 19: Analysis of Food Commodity Price Indices](https://feedsoft.ai/events/7502-covid-19-analysis-of-food-commodity-price-indices.md) | +0.6% | +4.2% |
| CORN | 2016-11-22 | [Covering the Floor Price](https://feedsoft.ai/events/73883-covering-the-floor-price.md) | -3.6% | -0.8% |
| CORN | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | +1.3% | +11.5% |
| CORN | 2016-06-21 | [Corn prices crash nearly six percent in American trade](https://feedsoft.ai/events/9748-corn-prices-crash-nearly-six-percent-in-american-trade.md) | -5.6% | -6.4% |
| CORN | 2019-04-22 | [The dollar is too strong for U.S. companies](https://feedsoft.ai/events/59765-the-dollar-is-too-strong-for-u-s-companies.md) | -1.1% | +2.5% |
| WTI | 2019-02-21 | [Paradigm shift coming for oil industry  - Business in Vancouver](https://feedsoft.ai/events/60797-paradigm-shift-coming-for-oil-industry-business-in-vancouver.md) | +0.0% | +5.5% |
| WTI | 2018-06-17 | [The Fed Is Driving Down Oil Prices \| OilPrice.com](https://feedsoft.ai/events/64443-the-fed-is-driving-down-oil-prices-oilprice-com.md) | +5.9% | +4.8% |
| WTI | 2018-12-20 | [The Canadian dollar and the price at the gas pump: Why you can’t win for losing - The Globe and Mail](https://feedsoft.ai/events/61782-the-canadian-dollar-and-the-price-at-the-gas-pump-why-you-can-t-win-for-losing.md) | -6.7% | +12.5% |

## Sources

- agriculture.com: https://www.agriculture.com/markets/analysis/a-price-paradigm-shift-for-corn-is-coming-analyst-says

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