# Demand Is Up – Profit Margins Are Down. The Corn & Ethanol Report 08/29/2024 - Market InsightsMarket Insights

> A daily market commentary covering the economic data calendar, mortgage rates and housing affordability, with corn and ethanol mentioned in the report title. The text centers on macro releases and does not describe a new corn-specific driver in the excerpt.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/28758-demand-is-up-profit-margins-are-down-the-corn-and-ethanol-report-08-29-2024
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Macro data such as mortgage rates and GDP has only an indirect effect on grain prices, so the impact on feed markets is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-07-13 | [Corn prices fell 7.8%, pressured by a drop in the oil market and data from the USDA report 13.07.2022 - UkrAgroConsult](https://feedsoft.ai/events/6833-corn-prices-fell-7-8-pressured-by-a-drop-in-the-oil-market-and-data-from-the.md) | -11.6% | -12.4% |
| CORN | 2017-06-19 | [Corn use for ethanol begins to slow down](https://feedsoft.ai/events/70596-corn-use-for-ethanol-begins-to-slow-down.md) | -5.4% | -1.7% |
| CORN | 2020-03-30 | [Ethanol Market Is Disturbing to American Farmers. And Now There's Covid-19.](https://feedsoft.ai/events/54231-ethanol-market-is-disturbing-to-american-farmers-and-now-there-s-covid-19.md) | +3.6% | -5.7% |
| CORN | 2019-03-19 | [Ethanol production puts bottom in corn market - Inside Grains & Raw Material \| Boerenbusiness. Nl](https://feedsoft.ai/events/60073-ethanol-production-puts-bottom-in-corn-market-inside-grains-and-raw-material.md) | -0.3% | -3.4% |
| CORN | 2022-10-29 | [Corn, wheat sag on firm dollar, concerns over US export demand - Markets - Business Recorder](https://feedsoft.ai/events/4932-corn-wheat-sag-on-firm-dollar-concerns-over-us-export-demand-markets-business.md) | -2.2% | -3.8% |

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/08/29/demand-is-up-profit-margins-are-down-the-corn-ethanol-report-08-29-2024/

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