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The IEA analysis finds the United States and Brazil together produced 84% of global fuel ethanol and 26% of biodiesel in 2017. It examines how feedstock costs, production technology, energy prices and policy affect biofuel competitiveness in both countries.
Feedstock costs such as corn, sugarcane and soybeans drive biofuel break-even prices, so shifts in relative competitiveness can change where and how much biofuel feedstock demand arises.
iea.orgMar 11, 2019After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
