# Fear is the price killer in commodity markets - Manitoba Co-operator

> Grain and oilseed futures fell in North America as fears about COVID-19 drove sharp losses. The US Federal Reserve and Bank of Canada each cut key rates by half a percentage point, which briefly lifted prices before the declines resumed. Attention also turned to spring planting and China's US agricultural import commitments.

- Date: 2020-03-12 · published 2020-03-12T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8373-fear-is-the-price-killer-in-commodity-markets-manitoba-co-operator
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Demand fears from the pandemic and risk-off sentiment are pressuring commodity prices, and the volatility is expected to persist.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SOY | 2020-03-15 | 1 | -3.0% | -3.9 | COVID-19 fear drove sharp losses in grain and oilseed futures, and the emergency rate cuts only briefly lifted prices before declines resumed. |
| CORN | 2020-03-15 | 1 | -2.6% | -3.2 | Fear-driven grain and oilseed losses across North America show broad risk-off sentiment pressuring corn despite rate cuts. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -3.7% | -11.8% |
| CORN | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | -1.0% | -2.3% |
| CORN | 2022-04-25 | [Fed’s hawkish stance keeps commodity markets under pressure](https://feedsoft.ai/events/41759-fed-s-hawkish-stance-keeps-commodity-markets-under-pressure.md) | +0.4% | -2.0% |
| CORN | 2020-05-12 | [COVID 19: Analysis of Food Commodity Price Indices](https://feedsoft.ai/events/7502-covid-19-analysis-of-food-commodity-price-indices.md) | +0.6% | +4.2% |
| CORN | 2017-06-26 | [Slumping Commodity Prices Pressure the Brazilian Real in 2Q17](https://feedsoft.ai/events/70712-slumping-commodity-prices-pressure-the-brazilian-real-in-2q17.md) | +3.2% | +4.3% |
| SOY | 2020-03-06 | [U.S. grains: Corn, soy, wheat slide with financial markets - Manitoba Co-operator](https://feedsoft.ai/events/7989-u-s-grains-corn-soy-wheat-slide-with-financial-markets-manitoba-co-operator.md) | -3.8% | -3.4% |
| SOY | 2020-03-10 | [Corn, soybean prices fall, equity markets collapse \| TSLN.com](https://feedsoft.ai/events/11275-corn-soybean-prices-fall-equity-markets-collapse-tsln-com.md) | -4.8% | -0.9% |
| SOY | 2021-06-18 | [Explained: What spurred the global commodity market sell-off? - CNBC TV18](https://feedsoft.ai/events/5760-explained-what-spurred-the-global-commodity-market-sell-off-cnbc-tv18.md) | +3.1% | +9.4% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/fear-is-the-price-killer-in-commodity-markets/

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