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The IEA estimates global biofuel production fell 11.6% in 2020 to 146 billion liters due to pandemic lockdowns, recovered to 151.3 billion liters in 2021, and is forecast at 158.6 billion liters for 2022. Rising feedstock prices linked to Russia's invasion of Ukraine and renewed food-versus-fuel debate are pressuring the sector.
Rising feedstock costs and debate over blending mandates could limit biofuel output growth, while tight Black Sea and Latin American supplies keep grain and oilseed prices elevated.
world-grain.comSusan ReidyApr 21, 2022After 323 past bullish geopolitics events, Corn moved a median +0.5% over 5 sessions (57% higher; middle half -1.5% to +2.9%), and +0.9% over 20.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
After 361 past bullish geopolitics events, Wheat (SRW) moved a median +0.7% over 5 sessions (58% higher; middle half -1.4% to +3.7%), and +1.3% 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.
