# U.S. grains: Soy snaps win streak on disappointing biofuel mandates - AgCanada

> Chicago soybeans fell 2.7% on December 1 after the EPA proposed smaller-than-expected increases in biofuel blending requirements for 2023-2025, and front-month soyoil plunged 9%. Wheat slid on disappointing export sales and corn was pulled lower by soybean weakness.

- Date: 2022-12-02 · published 2022-12-02T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/38340-u-s-grains-soy-snaps-win-streak-on-disappointing-biofuel-mandates-agcanada
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A smaller US biofuel mandate reduces expected demand for soyoil and soybean crush, which bears on soybean and meal prices and pulls grain sentiment lower.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-08-20 | [U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries - Grainews](https://feedsoft.ai/events/11364-u-s-grains-soy-corn-slide-on-macroeconomic-fears-biofuel-worries-grainews.md) | +3.4% | -2.9% |
| SOY | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -4.9% | +0.1% |
| SOY | 2017-10-08 | [Soy oil prices declining thanks to drops in U.S. government biodiesel mandates  : The Daily Digest](https://feedsoft.ai/events/68541-soy-oil-prices-declining-thanks-to-drops-in-u-s-government-biodiesel-mandates.md) | +2.9% | +0.5% |
| SOY | 2024-11-12 | [U.S. grains: Soybeans plunge with Trump EPA pick; wheat and corn also fall - AgCanada](https://feedsoft.ai/events/12340-u-s-grains-soybeans-plunge-with-trump-epa-pick-wheat-and-corn-also-fall-agcanada.md) | -0.2% | -1.7% |
| SOY | 2021-08-20 | [Biden may reduce biofuel quotas, handing a win to oil-state Democrats](https://feedsoft.ai/events/45441-biden-may-reduce-biofuel-quotas-handing-a-win-to-oil-state-democrats.md) | +3.4% | -2.9% |
| SBO | 2021-08-20 | [U.S. grains: Soy, corn slide on macroeconomic fears, biofuel worries - Grainews](https://feedsoft.ai/events/11364-u-s-grains-soy-corn-slide-on-macroeconomic-fears-biofuel-worries-grainews.md) | -2.5% | -7.0% |
| SBO | 2021-06-16 | [U.S. grains: Soybeans down with vegetable oil prices - AgCanada](https://feedsoft.ai/events/6440-u-s-grains-soybeans-down-with-vegetable-oil-prices-agcanada.md) | -6.8% | -2.7% |
| SBO | 2022-12-05 | [Veg oils: Markets weighed down by disappointing US blending mandates - Fastmarkets](https://feedsoft.ai/events/38341-veg-oils-markets-weighed-down-by-disappointing-us-blending-mandates-fastmarkets.md) | -6.1% | -9.6% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/u-s-grains-soy-snaps-win-streak-on-disappointing-biofuel-mandates

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