# Biofuel demand strengthens the business case for US agribusiness | articles | ING THINK

> ING analysis says US biofuel demand is policy-driven, with corn making up over 90% of biofuel feedstock volume and soybean oil about 3%. Vegetable oils are expected to see strong growth as renewable diesel feedstock.

- Date: 2023-10-23 · published 2023-10-23T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/15268-biofuel-demand-strengthens-the-business-case-for-us-agribusiness-articles-ing
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Expected growth in renewable diesel feedstock demand supports soybean oil prices, while corn's ethanol outlet depends on policy and new market access.

## Read by commodity

- SBO: bullish ▲
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-04-30 | [Demand for soy oil driving price to the upside - Iowa Agribusiness Radio Network](https://feedsoft.ai/events/19804-demand-for-soy-oil-driving-price-to-the-upside-iowa-agribusiness-radio-network.md) | +0.5% | -3.5% |
| SBO | 2024-09-28 | [Indonesia's palm oil exports to decline amid rising domestic demand for biodiesel I I Bioenergy Business](https://feedsoft.ai/events/15616-indonesia-s-palm-oil-exports-to-decline-amid-rising-domestic-demand-for.md) | +0.5% | +2.2% |
| SBO | 2026-09-18 | [Protecting and growing biofuel demand is among policy priorities this fall for ASA  - Indiana Corn and Soy](https://feedsoft.ai/events/14997-protecting-and-growing-biofuel-demand-is-among-policy-priorities-this-fall-for.md) | -3.1% | -1.1% |
| SBO | 2022-11-30 | [Surging US Biofuel Production Stokes Soybean Crush Demand](https://feedsoft.ai/events/15357-surging-us-biofuel-production-stokes-soybean-crush-demand.md) | -9.9% | -11.4% |
| SBO | 2022-08-11 | [Vegetable oils: Supply stress and biofuel blending mandates drive demand for soybean oil - Fastmarkets](https://feedsoft.ai/events/40126-vegetable-oils-supply-stress-and-biofuel-blending-mandates-drive-demand-for.md) | -1.9% | +0.4% |
| CORN | 2022-01-11 | [Explainer: What is at stake for the U.S. biofuel blending law in 2022 and beyond \| Reuters](https://feedsoft.ai/events/15426-explainer-what-is-at-stake-for-the-u-s-biofuel-blending-law-in-2022-and-beyond.md) | -2.8% | +4.1% |
| CORN | 2017-06-21 | [Game-Changer in US Biofuels Sector \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/70360-game-changer-in-us-biofuels-sector-global-oil-and-fats-business-online.md) | -2.4% | +2.1% |
| CORN | 2018-03-15 | [News, Notices and Announcements for the Renewable Fuel Standard \| US EPA](https://feedsoft.ai/events/65893-news-notices-and-announcements-for-the-renewable-fuel-standard-us-epa.md) | -1.7% | +2.8% |

## Sources

- think.ing.com: https://think.ing.com/articles/hold-biofuels-demand-strengthens-the-business-case-for-agribusinesses-in-the-us/

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