# CBOT corn futures rally amid hope for higher biofuel demand - Xinhua | English.news.cn

> CBOT corn settled up 1.3% at $3.71 per bushel on August 28 after Agriculture Secretary Sonny Perdue said the Trump administration is looking for ways to boost US biofuel demand. Soybeans rose modestly while wheat fell on ample Black Sea and EU supplies.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/57606-cbot-corn-futures-rally-amid-hope-for-higher-biofuel-demand-xinhua-english-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A possible policy push to lift ethanol demand would support corn prices by adding to usage, though no timeline or specifics were given. Wheat remains pressured by competing export supplies.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-09-26 | [Biofuel Policies Are Likely to Drive Future Demand for U.S. Corn and Soybeans
        
        
        
        - Federal Reserve Bank of Kansas City](https://feedsoft.ai/events/15086-biofuel-policies-are-likely-to-drive-future-demand-for-u-s-corn-and-soybeans.md) | -1.9% | -1.3% |
| CORN | 2019-09-28 | [Xinhua Headlines: China promotes large pig farms to ensure stable pork supply - Xinhua \| English.news.cn](https://feedsoft.ai/events/57089-xinhua-headlines-china-promotes-large-pig-farms-to-ensure-stable-pork-supply.md) | -0.9% | +1.1% |
| CORN | 2025-06-28 | [Argentina reinstates higher export duties for soybeans and corn - Buenos Aires Herald](https://feedsoft.ai/events/13853-argentina-reinstates-higher-export-duties-for-soybeans-and-corn-buenos-aires.md) | -0.2% | -1.7% |
| CORN | 2019-11-23 | [China Focus: Pig farmers keen on expanding stock as China drums up pork production - Xinhua \| English.news.cn](https://feedsoft.ai/events/56061-china-focus-pig-farmers-keen-on-expanding-stock-as-china-drums-up-pork.md) | +1.6% | +2.4% |
| CORN | 2026-03-30 | [EPA Sets Record High Biofuel Blending Volumes - Farm Policy News](https://feedsoft.ai/events/15043-epa-sets-record-high-biofuel-blending-volumes-farm-policy-news.md) | -1.3% | -0.2% |
| SOY | 2025-09-26 | [Biofuel Policies Are Likely to Drive Future Demand for U.S. Corn and Soybeans
        
        
        
        - Federal Reserve Bank of Kansas City](https://feedsoft.ai/events/15086-biofuel-policies-are-likely-to-drive-future-demand-for-u-s-corn-and-soybeans.md) | +1.1% | +3.2% |
| SOY | 2026-06-26 | [EPA Biofuel Rule Boosts Soybean Oil Demand Through Higher Renewable Fuel Blending Mandates](https://feedsoft.ai/events/15018-epa-biofuel-rule-boosts-soybean-oil-demand-through-higher-renewable-fuel.md) | +0.4% | +10.7% |
| SOY | 2016-11-24 | [Soybean oil futures rose by 7% due to high biofuel](https://feedsoft.ai/events/6691-soybean-oil-futures-rose-by-7-due-to-high-biofuel.md) | -0.4% | -3.8% |

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2019-08/29/c_138346142.htm

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