# Corn retreats from 2-month high, ethanol demand caps losses - Markets - Business Recorder

> US corn futures slipped from a two-month high reached in the prior session, with the most-active contract down 0.4%. Strong ethanol production and demand limited the losses, and lower oil prices weighed on the market. Wheat and soybeans also ticked lower.

- Date: 2021-10-28 · published 2021-10-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/44566-corn-retreats-from-2-month-high-ethanol-demand-caps-losses-markets-business
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Solid ethanol demand offsets weaker crude oil, leaving corn firm, while sluggish US wheat demand keeps wheat under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: neutral
- WHEAT: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40129649

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