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The IEA forecasts global biofuel output rising about 25% over 2019 to 2024, with ethanol up 20% and biodiesel/HVO up 33%. Iowa State economists disagree on the outlook, with Iowa ethanol plants closing amid low prices.
Expanding biofuel demand supports corn and soyoil prices over the medium term, though near-term US ethanol weakness limits the immediate impact.
producer.comSean PrattOct 31, 2019After 318 past bullish policy events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
