# EIA February Update: U.S. Biofuel Capacity Down Slightly While Feedstock Consumption Up - Michigan Advanced Biofuels Coalition

> EIA February data show total US biofuel production capacity at 23.721 billion gallons per year, down 39 million from January. Renewable diesel capacity held at 3.857 billion gallons per year, while feedstock consumption rose to 27.924 billion pounds. Fuel ethanol capacity increased by 50 million gallons per year.

- Date: 2024-05-13 · published 2024-05-13T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/15217-eia-february-update-u-s-biofuel-capacity-down-slightly-while-feedstock
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rising feedstock consumption indicates stronger demand for fats and oils used in biofuels, which supports soybean oil prices. Ethanol capacity gains are a modest factor for corn demand.

## Read by commodity

- SBO: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-01-03 | [EIA: US Biofuel Capacity, Feedstock Consumption Up In October - Canadian Biomass Magazine](https://feedsoft.ai/events/15245-eia-us-biofuel-capacity-feedstock-consumption-up-in-october-canadian-biomass.md) | -0.8% | -6.4% |
| SBO | 2023-08-02 | [EIA: Biofuel Capacity Down in May, Feedstock Use Up - World-Energy](https://feedsoft.ai/events/15285-eia-biofuel-capacity-down-in-may-feedstock-use-up-world-energy.md) | -0.3% | -2.0% |
| SBO | 2026-02-23 | [USDA Outlook Points to 17% Rise in Soybean Oil Use for Biofuel Production - Michigan Advanced Biofuels Coalition](https://feedsoft.ai/events/20698-usda-outlook-points-to-17-rise-in-soybean-oil-use-for-biofuel-production.md) | +3.2% | +1.1% |
| SBO | 2026-06-03 | [Biofuel Feedstock Demand Up 12% in March as Soybean Oil, Corn Oil Reach Record Highs: EIA - OPIS, A Dow Jones Company](https://feedsoft.ai/events/18890-biofuel-feedstock-demand-up-12-in-march-as-soybean-oil-corn-oil-reach-record.md) | -3.1% | -7.6% |
| SBO | 2022-02-17 | [EIA forecasts supply and consumption of biofuels \| Hydrocarbon Engineering](https://feedsoft.ai/events/15419-eia-forecasts-supply-and-consumption-of-biofuels-hydrocarbon-engineering.md) | +6.8% | +4.4% |
| CORN | 2026-06-03 | [Biofuel Feedstock Demand Up 12% in March as Soybean Oil, Corn Oil Reach Record Highs: EIA - OPIS, A Dow Jones Company](https://feedsoft.ai/events/18890-biofuel-feedstock-demand-up-12-in-march-as-soybean-oil-corn-oil-reach-record.md) | -4.1% | -6.7% |
| CORN | 2026-06-24 | [EIA weekly data: Ethanol production down 1%, stocks up slightly, exports down 4% \| Ethanol Producer Magazine](https://feedsoft.ai/events/18804-eia-weekly-data-ethanol-production-down-1-stocks-up-slightly-exports-down-4.md) | -2.3% | +5.6% |
| CORN | 2024-06-05 | [EIA:  Ethanol production up slightly, stocks down 1%, exports down 42% \| Ethanol Producer Magazine](https://feedsoft.ai/events/29746-eia-ethanol-production-up-slightly-stocks-down-1-exports-down-42-ethanol.md) | +5.7% | -3.0% |

## Sources

- miadvancedbiofuels.com: https://www.miadvancedbiofuels.com/2024/05/eia-february-update-u-s-biofuel-capacity-down-slightly-while-feedstock-consumption-up/

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