# Farmprogress

> Corn prices fell 1.5% on Friday after a technical sell-off and profit-taking following brief touches of 18-month highs, while soybeans also declined. Market participants expected higher U.S. corn plantings ahead of the USDA Outlook Forum, and crude oil dropped to around $70 per barrel.

- Date: 2025-02-21 · published 2025-02-21T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/6196-farmprogress
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expectations of larger U.S. corn acreage point to more supply later in the year, pressuring corn prices, while lower crude oil weighs on ethanol-linked demand.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CORN | 2025-02-28 | 5 | -5.5% | -3.1 | Feb 21 technical sell-off and profit-taking (-1.5%) plus expectations of larger US plantings and weaker crude started the weekly decline. |
| CORN | 2025-02-24 | 1 | -3.5% | -5.4 | Friday's technical sell-off and profit-taking after 18-month highs, plus expectations of higher U.S. plantings, set up downside momentum carried into Monday. |

## Sources

- farmprogress.pl.barchart.com: https://farmprogress.pl.barchart.com/mobile/news/story/13479014

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