# COVID 19: Analysis of Food Commodity Price Indices

> Mintec reports that the COVID-19 pandemic continues to affect commodity markets unevenly despite some lockdown easing. Its grains index rose 17.5% year-to-date to early April, then fell as rice and maize dropped by 6.3% and 3.6% in April. CBOT corn is under pressure from reduced ethanol demand after plant closures during lockdowns.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7502-covid-19-analysis-of-food-commodity-price-indices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Lower ethanol output reduces corn demand and weighs on DDGS supply expectations and corn prices. Buyers should watch whether demand recovers as lockdowns ease.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-21 | [COVID-19 infects nearly all commodity prices \| Capital Press](https://feedsoft.ai/events/6503-covid-19-infects-nearly-all-commodity-prices-capital-press.md) | -1.6% | +0.5% |
| CORN | 2022-01-28 | [Hawkish Fed a headwind for commodity prices \| Capital Economics](https://feedsoft.ai/events/43044-hawkish-fed-a-headwind-for-commodity-prices-capital-economics.md) | +1.3% | +11.5% |
| CORN | 2020-05-01 | [A price paradigm shift for corn is coming, analyst says](https://feedsoft.ai/events/53157-a-price-paradigm-shift-for-corn-is-coming-analyst-says.md) | +1.3% | +2.2% |
| CORN | 2020-03-12 | [Fear is the price killer in commodity markets - Manitoba Co-operator](https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator.md) | -7.4% | -3.7% |
| CORN | 2017-01-27 | [World events and their effect on agricultural commodity prices](https://feedsoft.ai/events/73092-world-events-and-their-effect-on-agricultural-commodity-prices.md) | +2.2% | +1.2% |

## Sources

- einpresswire.com: https://www.einpresswire.com/article/516784525/covid-19-analysis-of-food-commodity-price-indices

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