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How is ‘chaotic crude’ affecting grain prices?

Plus, prospects for a wheat rally, spring corn and soybean challenges, and much more

Ben Potter

April 22, 2020

Crude oil has taken a wild ride so far this week, dragging down everything from financial markets to grain prices as that market tanked. Corn has taken the hardest hit so far, with May futures trading higher on Wednesday but down significantly over the past six weeks on crumbling ethanol demand.

But other grain prices are showing a little more optimism this week. Wheat, in particular, has some upside potential as Black Sea exports begin to dry up, and as lower-than-expected crop quality ratings for the U.S. crop surprised analysts on Monday.

Volatility has been the name of the game in 2020, and this week has offered plenty of evidence that it will continue to be a bumpy ride for grain prices moving forward. Farm Futures grain market analyst Jacquie Holland and Farm Futures senior editor Ben Potter sit down for the first of many weekly chats to discuss all the factors in play and take a deeper dive into commodity price trends.

Here’s what we’ve been focused on so far this week:


 

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About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings more than 14 years 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.

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