# A bottomless pit for corn prices - Brownfield Ag News

> Univ. of Illinois economist Gary Schnitkey says cash corn prices have fallen about 16% on average since March 1 due to COVID-19, with an average drop of 60 cents per bushel from January through April 15. An NCGA-commissioned analysis projects a $50 per acre revenue decline for the 2019 crop, and he doubts government aid will cover the losses.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: market · region US · magnitude medium
- Page: https://feedsoft.ai/events/53664-a-bottomless-pit-for-corn-prices-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower ethanol and feed demand is pushing corn lower, and the analysis suggests further downside as livestock feed demand weakens. Bearish pressure on corn and related feed ingredients is likely to persist.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/a-bottomless-pit-for-corn-prices/

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