# Electric vehicles poised to chip away at biofuel production | Feed & Grain

> Electric vehicles are expected to reduce demand for biofuels over time. Corn and soybean prices have not returned to pre-COVID levels, and soybeans have become more attractive to farmers than corn.

- Date: 2023-03-02 · published 2023-03-02T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/36843-electric-vehicles-poised-to-chip-away-at-biofuel-production-feed-and-grain
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slowing biofuel demand removes a support for corn and soybean oil, and shifts planting toward soybeans.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-09-10 | [China's hog capacity reduction poised to accelerate in Sep \| Mysteel](https://feedsoft.ai/events/17465-china-s-hog-capacity-reduction-poised-to-accelerate-in-sep-mysteel.md) | +4.3% | +1.1% |
| CORN | 2019-08-23 | [Reduced ethanol production disrupts grain flow - Brownfield Ag News](https://feedsoft.ai/events/57685-reduced-ethanol-production-disrupts-grain-flow-brownfield-ag-news.md) | +1.8% | +1.4% |
| CORN | 2023-11-24 | [China to Encourage "More Reasonable Level" of Pig Production - Farm Policy News](https://feedsoft.ai/events/33167-china-to-encourage-more-reasonable-level-of-pig-production-farm-policy-news.md) | -1.8% | -0.4% |
| CORN | 2025-07-04 | [China Grain and Feed Outlook 2025 \| Paradigm Futures](https://feedsoft.ai/events/14649-china-grain-and-feed-outlook-2025-paradigm-futures.md) | -6.0% | -6.0% |
| CORN | 2021-04-21 | [Reshaping grain trade? China moves to change animal feed recipes \| Reuters](https://feedsoft.ai/events/47641-reshaping-grain-trade-china-moves-to-change-animal-feed-recipes-reuters.md) | +14.7% | +11.9% |
| SBO | 2025-01-23 | [Fixes Are Needed To Get Biofuels Out Of Tough Position](https://feedsoft.ai/events/15152-fixes-are-needed-to-get-biofuels-out-of-tough-position.md) | +1.7% | +4.4% |
| SBO | 2025-03-18 | [National Biodiesel Day: Action Needed to Boost Clean Fuels](https://feedsoft.ai/events/15137-national-biodiesel-day-action-needed-to-boost-clean-fuels.md) | +0.3% | +9.0% |
| SBO | 2024-11-16 | [U.S. biofuel policies expected to change under Trump](https://feedsoft.ai/events/15166-u-s-biofuel-policies-expected-to-change-under-trump.md) | -5.4% | -7.9% |

## Sources

- feedandgrain.com: https://www.feedandgrain.com/feed-mill-of-the-future/blog/15384198/electric-vehicles-poised-to-chip-away-at-biofuel-production

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