# Corn drops 1% on ethanol demand concerns, improved weather | Financial Post

> Chicago corn futures fell 1% on November 2 as lower oil consumption during coronavirus lockdowns raised concerns about ethanol demand. Wheat fell for a sixth session and soybeans slipped, while improved South American weather added pressure.

- Date: 2020-11-02 · published 2020-11-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/50173-corn-drops-1-on-ethanol-demand-concerns-improved-weather-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker ethanol demand and better South American crop prospects point to softer corn prices, though the effect is modest for feed buyers.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-drops-1-on-ethanol-demand-concerns-improved-weather

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