Farm Futures logo

Midweek Markets: Can ethanol uptick save corn prices?

Plus, learn how outside markets have been affecting grain prices, get a sneak peek at next week’s quarterly stocks report and more.

Ben Potter, Senior editor

June 24, 2020

Grain prices have struggled in recent days, showing sensitivity to a number of factors at play right now, including ethanol production, weather forecasts and even the health of the financial and energy sectors.

On a more upbeat note, ethanol production has crept steadily higher for eight consecutive weeks, which is a much-needed trend for corn demand. COVID-19 recovery, in general, has been a boon for the stock markets and energy prices throughout much of June, and grain prices have scratched out some meager gains this month as well.

But favorable weather forecasts for the rest of June and early July aren’t doing prices any favors. The table is already being set for another year with yields above trend lines. If that happens this fall, the market could be bracing for record-breaking corn and soybean crops in 2020.

Add it all up, and what are the prospects of a rally later this summer? Listen to the latest Midweek Markets podcast for June 24, 2020.

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like