# Bullish on US Biofuels Industry |         Global Oil & Fats Business Online – gofbonline.com

> Analysis notes soyoil stocks rose above estimates, but the soybean oil market may have overreacted to biofuel mandate changes. The 2017 advanced biofuel volume of 4.28 billion gallons may be filled largely by excess biodiesel, requiring roughly 577 million wet gallons.

- Date: 2017-02-18 · published 2017-02-18T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/72363-bullish-on-us-biofuels-industry-global-oil-and-fats-business-online-gofbonline
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel RIN mechanics imply strong demand for soyoil to meet the advanced category, supporting soyoil prices. Any shortfall in cellulosic or other qualifying supply shifts demand onto biodiesel.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- DDGS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-08-20 | [All Eyes on Europe \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/40055-all-eyes-on-europe-global-oil-and-fats-business-online-gofbonline-com.md) | -0.4% | -0.5% |
| CORN | 2017-03-01 | [U.S. grains: Corn, soyoil climb on biofuels news - Grainews](https://feedsoft.ai/events/7821-u-s-grains-corn-soyoil-climb-on-biofuels-news-grainews.md) | -0.7% | -1.8% |
| CORN | 2024-07-31 | [Brazil’s corn industry is discovering DDGS - Food & Agribusiness](https://feedsoft.ai/events/29366-brazil-s-corn-industry-is-discovering-ddgs-food-and-agribusiness.md) | -0.2% | -4.2% |
| CORN | 2022-05-11 | [Biofuels industry pressing for long-term certainty in future announcements \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15393-biofuels-industry-pressing-for-long-term-certainty-in-future-announcements-agri.md) | +2.4% | -0.3% |
| CORN | 2019-04-15 | [China to consider US request to shift tariffs on farm goods - The Business Times](https://feedsoft.ai/events/59453-china-to-consider-us-request-to-shift-tariffs-on-farm-goods-the-business-times.md) | +0.4% | -2.5% |
| SBO | 2019-05-23 | [US ag industry calls on Congress to extend biodiesel tax credit - Biofuels International Magazine](https://feedsoft.ai/events/58977-us-ag-industry-calls-on-congress-to-extend-biodiesel-tax-credit-biofuels.md) | +1.7% | +4.7% |
| SBO | 2017-04-04 | [MEPs vote to ban the use of palm oil in biofuels \| Guardian sustainable business \| The Guardian](https://feedsoft.ai/events/71526-meps-vote-to-ban-the-use-of-palm-oil-in-biofuels-guardian-sustainable-business.md) | -0.2% | +3.0% |
| SBO | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +2.2% | +8.1% |

## Sources

- gofbonline.com: https://gofbonline.com/bullish-on-us-biofuels-industry/2/
- gofbonline.com: https://gofbonline.com/bullish-on-us-biofuels-industry/3/

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