# Settling into a new normal — this week in the grain markets - RealAgriculture

> Grain markets closed mostly lower in early April as profit-taking and farmer selling followed the prior week's highs. USDA's Prospective Plantings put 2020 US corn acres at about 97 million, and WTI and Brent rose sharply on expected OPEC+ production cuts.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/53594-settling-into-a-new-normal-this-week-in-the-grain-markets-realagriculture
- 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

The large expected corn acreage weighs on corn prices, while crude's rebound on production-cut expectations provides some support to biofuel-linked commodities.

## Read by commodity

- WTI: bullish ▲
- CORN: bearish ▼
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2020-04-05 | 5 | +72.7% | 7.0 | Notes WTI and Brent rose sharply on expected OPEC+ cuts during the week. |

## Sources

- realagriculture.com: https://www.realagriculture.com/2020/04/settling-into-a-new-normal-this-week-in-the-grain-markets/

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