# Biofuel policies will alter grain price structure - Alberta Farmer Express

> Analysts at the Canadian Animal Nutrition Conference said government biofuel mandates could expand global biofuel production from about 20 million tonnes to roughly 110 million tonnes. Vegetable oils and meat are the main factors underpinning the feed market, and the expansion is expected to shift the price structure.

- Date: 2024-06-14 · published 2024-06-14T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29742-biofuel-policies-will-alter-grain-price-structure-alberta-farmer-express
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Diversion of vegetable oil into biofuels should lift soybean oil prices while leaving more meal in the market, which pushes soybean and canola meal prices lower.

## Read by commodity

- SBM: bearish ▼
- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-08-22 | [Farmers, lawmakers dial up pressure over biofuel policy](https://feedsoft.ai/events/57452-farmers-lawmakers-dial-up-pressure-over-biofuel-policy.md) | -2.2% | +3.7% |
| SBO | 2025-12-10 | [Study: EPA biofuels proposal aids US soybean farmers \| World Grain](https://feedsoft.ai/events/15064-study-epa-biofuels-proposal-aids-us-soybean-farmers-world-grain.md) | -3.8% | -3.7% |
| SBO | 2025-11-12 | [NOPA and ASA Urge President Trump to Finalize Biofuel Policies Supporting U.S. Farmers, Processors, and Domestic Energy - NOPA](https://feedsoft.ai/events/15073-nopa-and-asa-urge-president-trump-to-finalize-biofuel-policies-supporting-u-s.md) | +2.1% | +0.7% |
| SBO | 2025-11-12 | [ASA and NOPA Urge Action on Biofuel Policies Supporting Farmers - American Soybean Association](https://feedsoft.ai/events/15076-asa-and-nopa-urge-action-on-biofuel-policies-supporting-farmers-american.md) | +2.1% | +0.7% |
| SBO | 2023-04-12 | [Drought, Biodiesel Impacting Soyoil Prices, Exports - Pro Farmer](https://feedsoft.ai/events/15318-drought-biodiesel-impacting-soyoil-prices-exports-pro-farmer.md) | +0.8% | -3.3% |
| SBM | 2026-01-30 | [Biofuels policy uncertainty continues to pressure soybean demand and prices - Brownfield Ag News](https://feedsoft.ai/events/15056-biofuels-policy-uncertainty-continues-to-pressure-soybean-demand-and-prices.md) | +2.0% | +8.8% |
| SBM | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | -3.5% | -8.8% |
| SBM | 2024-01-28 | [Why Chicken, Pork Prices Will Fall With Soy-Based Renewable Diesel Fuel - Bloomberg](https://feedsoft.ai/events/32254-why-chicken-pork-prices-will-fall-with-soy-based-renewable-diesel-fuel-bloomberg.md) | +1.7% | -5.1% |

## Sources

- albertafarmexpress.ca: https://www.albertafarmexpress.ca/crops/biofuel-policies-will-alter-grain-price-structure/

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