# The race for green fuel is on

> Bloomberg reports that the push for renewable fuels, including ethanol and renewable diesel, is colliding with rising food prices. Corn, soybeans, palm oil and sugar are being absorbed by biofuel production during a broader commodities rally. Phillips 66 and JPMorgan projections are cited for rapid renewable diesel capacity growth.

- Date: 2021-05-20 · published 2021-05-20T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/46967-the-race-for-green-fuel-is-on
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expanding biofuel feedstock demand tightens supplies of corn, soybean oil and palm oil, which supports prices and raises feed input costs.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-05-21 | [Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus](https://feedsoft.ai/events/46971-green-fuel-push-stirs-food-inflation-fears-in-rebound-from-virus.md) | +0.0% | -0.6% |
| CORN | 2020-12-31 | [Sharp rise in price for the CBoT maize future](https://feedsoft.ai/events/49678-sharp-rise-in-price-for-the-cbot-maize-future.md) | +6.2% | +17.5% |
| CORN | 2017-02-27 | [Groups Call Food-vs.-Fuel Fight Truce](https://feedsoft.ai/events/72594-groups-call-food-vs-fuel-fight-truce.md) | +2.1% | -1.5% |
| CORN | 2024-04-03 | [Expert on Expert: The Future of Advanced Biofuels \| RealClearEnergy](https://feedsoft.ai/events/15224-expert-on-expert-the-future-of-advanced-biofuels-realclearenergy.md) | -0.7% | -0.9% |
| CORN | 2019-01-08 | [Renewable Fuel Standards Set for 2019](https://feedsoft.ai/events/60966-renewable-fuel-standards-set-for-2019.md) | -0.7% | +0.0% |
| SOY | 2023-05-04 | [Is the biodiesel industry on the ropes?](https://feedsoft.ai/events/15312-is-the-biodiesel-industry-on-the-ropes.md) | -0.8% | -8.2% |
| SOY | 2021-03-30 | [Ag traders gear up for green boom](https://feedsoft.ai/events/48003-ag-traders-gear-up-for-green-boom.md) | +1.8% | +11.3% |
| SOY | 2021-05-21 | [Green-Fuel Push Stirs Food Inflation Fears in Rebound From Virus](https://feedsoft.ai/events/46971-green-fuel-push-stirs-food-inflation-fears-in-rebound-from-virus.md) | +0.2% | -9.0% |

## Sources

- farmprogress.com: https://www.farmprogress.com/crops/the-race-for-green-fuel-is-on

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