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The EIA reported that US biofuel production capacity rose to 24.99 billion gallons per year in January, driven by ethanol expansion. Biodiesel capacity declined while feedstock consumption fell 5.23% from December.
Rising ethanol capacity supports corn grind demand, while lower feedstock use in January signals softer near-term vegetable oil and corn demand for biofuels.
dailyoilfutures.comAmeliaApr 2, 2025After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
