# Feed grain report (March 2020) | AHDB

> Crude oil fell below $30/barrel and sterling hit a 35-year low against the dollar on 18 March 2020 as the pandemic hit growth and transport demand. Global wheat fell through February and early March then rallied in the third week of March, while maize stayed low as weak crude discouraged ethanol use.

- Date: 2020-03-24 · published 2020-03-24T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6105-feed-grain-report-march-2020-ahdb
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [DDGS](https://feedsoft.ai/c/DDGS.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Low crude reduces ethanol demand for maize and cuts DDGS output, keeping feed grain prices soft, while the weaker pound affects UK feed import costs.

## Read by commodity

- WTI: bearish ▼
- CORN: bearish ▼
- DDGS: bearish ▼
- BRENT: bearish ▼
- WHEAT: neutral
- GBPUSD: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-03-10 | [Daily Market Wire 10 March 2020 - Grain Central](https://feedsoft.ai/events/11272-daily-market-wire-10-march-2020-grain-central.md) | -7.1% | -15.8% |
| WTI | 2023-12-14 | [Grain Transportation Report, December 14, 2023](https://feedsoft.ai/events/16579-grain-transportation-report-december-14-2023.md) | +6.9% | +5.3% |
| WTI | 2020-03-16 | [Mexico Exchange Rate March 2020 - FocusEconomics](https://feedsoft.ai/events/54339-mexico-exchange-rate-march-2020-focuseconomics.md) | -35.6% | -29.5% |
| WTI | 2021-11-30 | [Afternoon Market Recap for November 30, 2021 - HighLine Grain Growers, Inc](https://feedsoft.ai/events/11598-afternoon-market-recap-for-november-30-2021-highline-grain-growers-inc.md) | -0.5% | +8.7% |
| WTI | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +8.7% | -4.9% |
| BRENT | 2020-03-10 | [Daily Market Wire 10 March 2020 - Grain Central](https://feedsoft.ai/events/11272-daily-market-wire-10-march-2020-grain-central.md) | -16.8% | -21.6% |
| BRENT | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | +7.7% | -3.1% |
| BRENT | 2018-11-28 | [Speculations may have triggered rupee fall: SBI report](https://feedsoft.ai/events/62325-speculations-may-have-triggered-rupee-fall-sbi-report.md) | +2.9% | -11.2% |

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/feed-grain-report-march-2020-21-02-20-03

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