# In the News

> The USDA raised its 2023-24 corn use in ethanol forecast by 25 million bushels to 5.325 billion in the November WASDE. The agency also lowered its season-average corn price by 10 cents to $4.85 per bushel.

- Date: 2023-11-09 · published 2023-11-09T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/33159-in-the-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher ethanol corn use supports corn demand, but the lower price forecast and larger supplies are bearish for corn values in the near term.

## Read by commodity

- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-27 | [Kharif rice output reaches record 124.5 MT \| India News - The Times of India](https://feedsoft.ai/events/12739-kharif-rice-output-reaches-record-124-5-mt-india-news-the-times-of-india.md) | +1.0% | +1.9% |
| CORN | 2019-03-01 | [The Market Influence We Ignore](https://feedsoft.ai/events/60122-the-market-influence-we-ignore.md) | -1.6% | +1.4% |
| CORN | 2017-08-15 | [The bears are back in town… - Grain Central](https://feedsoft.ai/events/69417-the-bears-are-back-in-town-grain-central.md) | -3.4% | -5.0% |
| CORN | 2025-10-30 | [The Commodity Markets Outlook in eight charts](https://feedsoft.ai/events/22717-the-commodity-markets-outlook-in-eight-charts.md) | +0.0% | +1.7% |
| CORN | 2017-11-14 | [Is This the Year of Super Corn?](https://feedsoft.ai/events/67835-is-this-the-year-of-super-corn.md) | +0.2% | +3.1% |

## Sources

- mnbiofuels.org: https://www.mnbiofuels.org/component/k2/itemlist/category/8:in-the-news?start=176

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