# Busy Week As Tensions Rise. The Corn & Ethanol Report 01/29/2024 - Market InsightsMarket Insights

> Market commentary for January 29, 2024 notes that US PCE inflation eased for a third consecutive month to 2.6% while savings stayed historically low. The report also flags South American forecasts with dryness in South Brazil and Argentina and heat in Argentina next week, with rain needed mid-February.

- Date: 2024-01-29 · published 2024-01-29T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/32235-busy-week-as-tensions-rise-the-corn-and-ethanol-report-01-29-2024-market
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Dry South American weather in key soybean and corn areas supports futures and raises export competition concerns for US supplies, while macro inflation trends shape the dollar.

## Read by commodity

- DXY: neutral
- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-06-29 | [Arable Market Report – 29 June 2026 \| AHDB](https://feedsoft.ai/events/18848-arable-market-report-29-june-2026-ahdb.md) | +1.0% | +2.7% |
| CORN | 2018-02-17 | [Best practice for managing risk in the corn market](https://feedsoft.ai/events/66522-best-practice-for-managing-risk-in-the-corn-market.md) | -0.1% | +4.4% |
| CORN | 2021-10-04 | [Western ethanol producers ‘caught in the jaws of a vise’ with short corn supply and weak biofuel demand - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/44548-western-ethanol-producers-caught-in-the-jaws-of-a-vise-with-short-corn-supply.md) | -0.2% | +3.7% |
| CORN | 2018-06-11 | [Corn marketers hoping weather reports stops tumble](https://feedsoft.ai/events/8246-corn-marketers-hoping-weather-reports-stops-tumble.md) | -3.5% | -5.6% |
| CORN | 2022-09-06 | [Genesus Global Market Report – China, August 2022
						 \| The Pig Site](https://feedsoft.ai/events/39576-genesus-global-market-report-china-august-2022-the-pig-site.md) | +4.7% | +0.9% |
| SOY | 2016-04-22 | [Farming News - Oilseed Market Report: Prices rise on weather concerns](https://feedsoft.ai/events/10300-farming-news-oilseed-market-report-prices-rise-on-weather-concerns.md) | -0.1% | +5.2% |
| SOY | 2019-05-24 | [Grain market week in review - May 24, 2019](https://feedsoft.ai/events/10897-grain-market-week-in-review-may-24-2019.md) | +6.8% | +9.9% |
| SOY | 2021-02-16 | [Wheat at one-week high as freezing US weather in focus - Markets - Business Recorder](https://feedsoft.ai/events/9253-wheat-at-one-week-high-as-freezing-us-weather-in-focus-markets-business-recorder.md) | +0.9% | +3.5% |

## Sources

- blog.pricegroup.com: https://blog.pricegroup.com/2024/01/29/busy-week-as-tensions-rise-the-corn-ethanol-report-01-29-2024/

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