# Grain and Biofuel Outlook: Biofuels Creating Needed Demand for Ample U.S. Harvests

> CoBank reports the U.S. is harvesting a record soybean crop and the third-largest corn crop, with large carryover stocks and carry returning to futures markets. Export headwinds include a strong dollar, trade policy uncertainty, stalled rail shipments into Mexico, and low Mississippi River water levels, while Brazilian and Russian drought is sending buyers back to U.S. supplies.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/27505-grain-and-biofuel-outlook-biofuels-creating-needed-demand-for-ample-u-s-harvests
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Ample domestic supply and export frictions point to pressure on U.S. corn and soybean prices, partly offset by renewed export demand and biofuel-driven soybean oil and corn use.

## Read by commodity

- SBO: bullish ▲
- SOY: bearish ▼
- CORN: bearish ▼
- BARGE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-06 | [Grain and Biofuels Outlook: Record Fall Harvest Arrives Amidst Trade Uncertainty, Strong Biofuel Demand](https://feedsoft.ai/events/15072-grain-and-biofuels-outlook-record-fall-harvest-arrives-amidst-trade-uncertainty.md) | +0.9% | +2.6% |
| CORN | 2017-01-01 | [GRAINS AND OILSEEDS OUTLOOK FOR 2017](https://feedsoft.ai/events/72861-grains-and-oilseeds-outlook-for-2017.md) | +0.3% | +2.3% |
| CORN | 2025-05-15 | [2025 GEOGLAM Crop Outlook: What to Expect for Wheat, Maize, and Soybeans — NASA Harvest](https://feedsoft.ai/events/24596-2025-geoglam-crop-outlook-what-to-expect-for-wheat-maize-and-soybeans-nasa.md) | +4.4% | -0.2% |
| CORN | 2025-10-01 | [Grain markets pressured by harvest and rising stocks \| Saxo](https://feedsoft.ai/events/22425-grain-markets-pressured-by-harvest-and-rising-stocks-saxo.md) | +1.4% | +2.3% |
| CORN | 2023-03-30 | [Feed grain outlook lifts feeder cattle market - Grainews](https://feedsoft.ai/events/5599-feed-grain-outlook-lifts-feeder-cattle-market-grainews.md) | -0.5% | -3.0% |
| SOY | 2025-11-06 | [Grain and Biofuels Outlook: Record Fall Harvest Arrives Amidst Trade Uncertainty, Strong Biofuel Demand](https://feedsoft.ai/events/15072-grain-and-biofuels-outlook-record-fall-harvest-arrives-amidst-trade-uncertainty.md) | +0.1% | -0.0% |
| SOY | 2025-03-19 | [Record Soybean Harvest in South America and Favorable Outlook for Exports](https://feedsoft.ai/events/13874-record-soybean-harvest-in-south-america-and-favorable-outlook-for-exports.md) | -1.1% | +2.3% |
| SOY | 2026-07-14 | [Terrain \| More Bushels for Biofuels and Beijing](https://feedsoft.ai/events/15013-terrain-more-bushels-for-biofuels-and-beijing.md) | +2.0% | -3.7% |

## Sources

- farmcrediteast.com: https://www.farmcrediteast.com/en/resources/Industry-Trends-and-Outlooks/Reports/2411KEP_GrainAndBiofuelOutlook

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