# 2018 Renewable Fuel Standards help balance corn prices drop in October - Amy in the News - U.S. Senator Amy Klobuchar

> Corn demand is shaped by ethanol production, which has absorbed nearly 30% of the U.S. corn crop over the past decade, and by a period of drought that tightened supply. Current prices have stabilized at lower levels after three years of favorable yields and oversupply.

- Date: 2017-12-01 · published 2017-12-01T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/67474-2018-renewable-fuel-standards-help-balance-corn-prices-drop-in-october-amy-in
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Analysts see limited room for ethanol-driven demand growth to repeat, so corn prices are likely to stay near current levels absent new supply shocks.

## Read by commodity

- CORN: neutral

## Sources

- klobuchar.senate.gov: https://www.klobuchar.senate.gov/public/index.cfm/2017/12/2018-renewable-fuel-standards-help-balance-corn-prices-drop-in-october

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