# At nearly $3 a bushel, is Maize finding its feet? Grain Market Daily | AHDB

> Nearby US maize futures are testing resistance near $3 a bushel. US daily ethanol output fell from over 1,000k barrels a day in March to 537k by the week of 24 April, and Chicago maize futures are down more than 17% since early March. Ethanol stocks have begun to draw down, but remain elevated.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/53156-at-nearly-3-a-bushel-is-maize-finding-its-feet-grain-market-daily-ahdb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Lower ethanol grind removes a large share of corn demand, which keeps pressure on prices. The early signs of a stock drawdown could limit further downside.

## Read by commodity

- CORN: neutral

## Sources

- ahdb.org.uk: https://ahdb.org.uk/news/at-nearly-3-a-bushel-is-maize-finding-its-feet-grain-market-daily

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