# Demand destruction takes toll

> Farm Progress reports that EPA small refinery waivers granted since 2017 have removed demand equivalent to about 1.4 billion bushels of corn used for ethanol and 365 million gallons of biodiesel. The article says nearly 30 ethanol and biodiesel plants have closed temporarily or permanently, four of them in Iowa. It frames the waivers as a double blow alongside trade disputes that have depressed corn and soybean prices.

- Date: 2019-10-30 · published 2019-10-30T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/56444-demand-destruction-takes-toll
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lost biofuel demand removes a large outlet for corn and soybean oil, which pressures farm prices and reduces the domestic demand that supports feed-grain and oilseed markets.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-09-26 | [Farmers say waivers are destroying demand](https://feedsoft.ai/events/56935-farmers-say-waivers-are-destroying-demand.md) | -0.9% | +0.8% |
| CORN | 2018-04-02 | [How EPA is Destroying Demand for Ethanol and Corn \| Energy.AgWired.com](https://feedsoft.ai/events/65399-how-epa-is-destroying-demand-for-ethanol-and-corn-energy-agwired-com.md) | +2.3% | +3.1% |
| CORN | 2023-07-20 | [US Requests Mexico to Delay GM Corn Prohibition](https://feedsoft.ai/events/35021-us-requests-mexico-to-delay-gm-corn-prohibition.md) | +9.4% | -7.2% |
| CORN | 2025-10-07 | [Federal Biofuel Policies Likely To Drive Demand For U.S. Corn, Soybeans - Michigan Advanced Biofuels Coalition](https://feedsoft.ai/events/15081-federal-biofuel-policies-likely-to-drive-demand-for-u-s-corn-soybeans-michigan.md) | -1.7% | +0.8% |
| CORN | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | +1.4% | +4.0% |
| SBO | 2019-09-26 | [Farmers say waivers are destroying demand](https://feedsoft.ai/events/56935-farmers-say-waivers-are-destroying-demand.md) | +0.1% | +5.3% |
| SBO | 2023-11-27 | [Soybean oil prices fall 4% amid possible reduction in demand from the biodiesel industry](https://feedsoft.ai/events/33251-soybean-oil-prices-fall-4-amid-possible-reduction-in-demand-from-the-biodiesel.md) | -0.2% | -4.1% |
| SBO | 2019-04-26 | [US Biodiesel Demand Bleeds Lower on Exemptions - DTN](https://feedsoft.ai/events/59464-us-biodiesel-demand-bleeds-lower-on-exemptions-dtn.md) | -1.5% | -3.1% |

## Sources

- farmprogress.com: https://www.farmprogress.com/technology/demand-destruction-takes-toll

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