# Hawley, Blunt, Senators Urge USDA to Allocate Additional Funds to Biofuel Producers Negatively Impacted by COVID-19 - Josh Hawley

> Senators Hawley and Blunt joined a bipartisan group in writing to USDA to request extra CCC funding for biofuel producers hurt by COVID-19. The letter says reduced motor fuel use has forced plants to idle or close and that corn and soybean prices have dropped.

- Date: 2020-04-08 · published 2020-04-08T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/53528-hawley-blunt-senators-urge-usda-to-allocate-additional-funds-to-biofuel
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Additional federal aid for biofuel plants would support corn and soybean oil demand and help firm feedstock prices. The request is still pending and depends on USDA action.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-04-07 | [Grassley, Duckworth, Ernst Call on USDA to Allocate Additional Funds to Biofuel Industry Negatively Impacted by COVID-19](https://feedsoft.ai/events/53526-grassley-duckworth-ernst-call-on-usda-to-allocate-additional-funds-to-biofuel.md) | -4.0% | -6.5% |
| CORN | 2020-05-21 | [Klobuchar, Grassley Introduce Bill to Support Biofuel Producers - News Releases - U.S. Senator Amy Klobuchar](https://feedsoft.ai/events/53000-klobuchar-grassley-introduce-bill-to-support-biofuel-producers-news-releases-u.md) | +0.2% | +2.8% |
| CORN | 2017-06-19 | [US corn ethanol producers to tap into overseas demand - Governors' Biofuels Coalition](https://feedsoft.ai/events/70503-us-corn-ethanol-producers-to-tap-into-overseas-demand-governors-biofuels.md) | -5.4% | -1.7% |
| CORN | 2019-11-28 | [National Biodiesel Board urges EPA to account for small refinery exemptions - Biofuels International Magazine](https://feedsoft.ai/events/55927-national-biodiesel-board-urges-epa-to-account-for-small-refinery-exemptions.md) | +1.1% | +3.4% |
| CORN | 2022-10-26 | [Senators to EPA: Use RFS 'set rule' to raise blending targets \| National \| farmweeknow.com](https://feedsoft.ai/events/15360-senators-to-epa-use-rfs-set-rule-to-raise-blending-targets-national-farmweeknow.md) | -1.2% | -3.3% |
| SOY | 2020-04-07 | [Grassley, Duckworth, Ernst Call on USDA to Allocate Additional Funds to Biofuel Industry Negatively Impacted by COVID-19](https://feedsoft.ai/events/53526-grassley-duckworth-ernst-call-on-usda-to-allocate-additional-funds-to-biofuel.md) | -1.0% | -2.0% |
| SOY | 2018-09-21 | [NBBs bids for Trump to support Biodiesel Producers - Biofuels International Magazine](https://feedsoft.ai/events/62924-nbbs-bids-for-trump-to-support-biodiesel-producers-biofuels-international.md) | +0.6% | +1.6% |
| SOY | 2025-10-02 | [Senators urge EPA to finalize RFS ‘Set 2’ rule with strong biobased diesel RVOs and provisions boosting domestic ag \| Ethanol Producer Magazine](https://feedsoft.ai/events/15084-senators-urge-epa-to-finalize-rfs-set-2-rule-with-strong-biobased-diesel-rvos.md) | +1.6% | +6.6% |

## Sources

- hawley.senate.gov: https://www.hawley.senate.gov/hawley-blunt-senators-urge-usda-allocate-additional-funds-biofuel-producers-negatively-impacted/

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