The Impact of Energy Prices on Agricultural Commodities

20 May 2020 | 2:00 PM

How Record Low Oil Prices Are Impacting Agriculture

COVID-19 and shelter-in-place measures have driven oil prices to record lows, which is having significant effects on global agriculture from Iowa to Indonesia. In the United States, nearly 40% of corn planted is destined for ethanol, and plunging ethanol prices will likely shift the balance of corn and soy planted in 2020. Brazil’s production of sugar is also likely to shift as ethanol production grinds to a halt, just as biodiesel blending has largely stopped in Malaysia and Indonesia. In this webinar, we will dive deeper into what’s currently happening in global agricultural markets and provide tools for monitoring the leading indicators using Gro.


Jonathan Haines
Senior Research Analyst
Jon has been working in agricultural commodities trading and research for the past 14 years, covering both grains and softs. Before joining Gro, he served as a portfolio manager at Jamison Capital Partners where he was responsible for the firm’s agriculture trading strategy. He holds a B.S. in Chemical Engineering from Cornell University and is a CFA charterholder.
Eric Moore
Research Analyst
Eric joined Gro Intelligence from the Morris Arboretum at the University of Pennsylvania and focused on urban forestry and natural resource management. Prior to Penn, Eric was a graduate research assistant at Bowling Green State University where he analyzed the effects of invasive species, land use, and climate change on carbon and nutrient cycling in forest and agricultural soils. As an undergraduate at Colgate University, Eric researched the effects of acid rain on soil chemistry and plant nutrient acquisition. Eric holds an M.S. in Soil Biology from Bowling Green State University and a B.A. in Biology from Colgate University.
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