# Federal Reserve-Observations on the Ag Economy-April 2020 - ProAg

> The Federal Reserve's April 2020 Beige Book reported that COVID-19 drove significant price increases for corn, rice, soybeans, milk and eggs in some districts. In the Chicago district, falling ethanol prices led plants to cut production and corn use, pushing corn prices lower.

- Date: 2020-04-17 · published 2020-04-17T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/6056-federal-reserve-observations-on-the-ag-economy-april-2020-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Reduced ethanol output cuts corn demand for grind and weighs on corn prices, while the broader report signals mixed farm-income conditions.

## Read by commodity

- CORN: bearish ▼
- DDGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-10 | [Federal Reserve: Observations on the Ag Economy- August 2019 - Farm Policy News](https://feedsoft.ai/events/6596-federal-reserve-observations-on-the-ag-economy-august-2019-farm-policy-news.md) | +6.7% | +9.3% |
| CORN | 2018-07-19 | [Federal Reserve: Observations on the Ag Economy- July 2018 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/6566-federal-reserve-observations-on-the-ag-economy-july-2018-farm-policy-news.md) | -1.3% | -0.2% |
| CORN | 2020-01-10 | [High Plains Ag Week 1/10/2020 - Ag Economics on the Plains](https://feedsoft.ai/events/55025-high-plains-ag-week-1-10-2020-ag-economics-on-the-plains.md) | -1.0% | -0.7% |
| CORN | 2019-08-14 | [High Plains Ag Week 8/15/2019 - Ag Economics on the Plains](https://feedsoft.ai/events/7609-high-plains-ag-week-8-15-2019-ag-economics-on-the-plains.md) | -1.2% | -4.0% |
| CORN | 2025-07-02 | [Analyzing the June Acreage Report - Ag Economics on the Plains](https://feedsoft.ai/events/23814-analyzing-the-june-acreage-report-ag-economics-on-the-plains.md) | -3.1% | -4.1% |

## Sources

- proag.com: https://www.proag.com/news/federal-reserve-observations-on-the-ag-economy-april-2020/

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