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Corn futures in Chicago slipped about 2 cents a bushel on August 29 after failing to extend the previous day's gain. US weekly ethanol output fell by 27,000 barrels per day to 1.071 million barrels, and Midwest rain eased earlier heat-related crop fears.
In Paris, maize rose slightly in line with wheat.
Weaker ethanol output reduces grain demand from the biofuel sector, and rainfall reduces the risk of yield losses. Both factors weigh modestly on corn prices.
zmp.deAug 29, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
