# Weather and ethanol production figures put pressure on

> 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.

- Date: 2024-08-29 · published 2024-08-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/28819-weather-and-ethanol-production-figures-put-pressure-on
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bearish ▼

## Sources

- zmp.de: https://www.zmp.de/en/futures/grains/news/newsticker-weather-and-ethanol-production-figures-put-pressure-corn-prices-2024

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