# Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets | Reuters

> The EPA set the 2017 total renewable fuel target at 19.28 billion gallons, above the 18.8 billion initially proposed. The agency raised the volumes after the government revised its 2017 estimates.

- Date: 2016-11-23 · published 2016-11-23T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/73745-big-corn-beats-big-oil-as-u-s-hikes-2017-biofuel-targets-reuters
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

A higher ethanol and biofuel mandate supports corn grind demand for ethanol and the DDGS byproduct supply that follows, while lifting vegetable oil demand.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-06-13 | [US EPA proposes higher biofuel blending volumes through 2027 \| Reuters](https://feedsoft.ai/events/15111-us-epa-proposes-higher-biofuel-blending-volumes-through-2027-reuters.md) | -0.8% | -3.2% |
| CORN | 2025-09-26 | [Biofuel Policies Are Likely to Drive Future Demand for U.S. Corn and Soybeans
        
        
        
        - Federal Reserve Bank of Kansas City](https://feedsoft.ai/events/15086-biofuel-policies-are-likely-to-drive-future-demand-for-u-s-corn-and-soybeans.md) | -1.9% | -1.3% |
| CORN | 2020-03-26 | ['Astonishing': Trump EPA backs down on biofuel waivers in blow to U.S. refiners](https://feedsoft.ai/events/54007-astonishing-trump-epa-backs-down-on-biofuel-waivers-in-blow-to-u-s-refiners.md) | +3.9% | -3.7% |
| CORN | 2019-09-11 | [White House hosts separate meetings as oil and biofuel battle rages on \| 2019-09-11  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56942-white-house-hosts-separate-meetings-as-oil-and-biofuel-battle-rages-on-2019-09.md) | +4.2% | +9.2% |
| SBO | 2016-11-23 | [Soybeans, soybean oil bound higher after EPA raises biofuel targets: Podcast](https://feedsoft.ai/events/6690-soybeans-soybean-oil-bound-higher-after-epa-raises-biofuel-targets-podcast.md) | +6.7% | +4.5% |
| SBO | 2026-04-30 | [Record US biofuel targets to test biodiesel industry after slow year \| Reuters](https://feedsoft.ai/events/15030-record-us-biofuel-targets-to-test-biodiesel-industry-after-slow-year-reuters.md) | +0.5% | -3.5% |
| SBO | 2025-04-01 | [US oil and biofuel coalition meets with EPA to seek biomass diesel boost \| Reuters](https://feedsoft.ai/events/15125-us-oil-and-biofuel-coalition-meets-with-epa-to-seek-biomass-diesel-boost-reuters.md) | +0.9% | +7.8% |

## Sources

- reuters.com: https://www.reuters.com/article/business/environment/big-corn-beats-big-oil-as-us-hikes-2017-biofuel-targets-idUSKBN13I1MA/

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