# U.S. grains: Corn, soyoil climb on biofuels news - Grainews

> U.S. corn and soyoil futures rose on March 1, 2017 after reports that the Trump administration might change the Renewable Fuels Standard, including a summer ethanol blending waiver and support for a biodiesel tax credit. The White House then said no executive order was in the works, and both markets pared gains. CBOT May corn settled at $3.73-3/4 and May soyoil rose to 33.93 cents/lb.

- Date: 2017-03-01 · published 2017-03-01T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/7821-u-s-grains-corn-soyoil-climb-on-biofuels-news-grainews
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Possible RFS changes would raise ethanol and soy biodiesel demand, which supports corn and soyoil prices. The White House denial limited the rally, so the price impact depends on whether a formal policy change follows.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | -0.8% | -3.2% |
| CORN | 2016-11-23 | [Big Corn beats Big Oil as U.S. hikes 2017 biofuel targets \| Reuters](https://feedsoft.ai/events/73745-big-corn-beats-big-oil-as-u-s-hikes-2017-biofuel-targets-reuters.md) | -3.8% | -1.5% |
| CORN | 2017-03-03 | [Commodities: Biofueled grain rally](https://feedsoft.ai/events/72086-commodities-biofueled-grain-rally.md) | -3.2% | -2.8% |
| CORN | 2017-02-18 | [Bullish on US Biofuels Industry \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/72363-bullish-on-us-biofuels-industry-global-oil-and-fats-business-online-gofbonline.md) | +0.3% | +0.9% |
| CORN | 2024-09-18 | [Grain Journal \| Op-Ed: EPA’s 18-month blunder on biofuel blending…](https://feedsoft.ai/events/15184-grain-journal-op-ed-epa-s-18-month-blunder-on-biofuel-blending.md) | -1.2% | -3.1% |
| SBO | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +10.1% | +8.6% |
| SBO | 2025-05-14 | [U.S. grains: Soybeans hit nearly 10-month high on biofuel and trade hopes - Grainews](https://feedsoft.ai/events/9504-u-s-grains-soybeans-hit-nearly-10-month-high-on-biofuel-and-trade-hopes-grainews.md) | -0.6% | -4.3% |
| SBO | 2026-05-27 | [Biofuels give boost to soybean oil futures rally \| World Grain](https://feedsoft.ai/events/19353-biofuels-give-boost-to-soybean-oil-futures-rally-world-grain.md) | +2.2% | -3.6% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-corn-soyoil-climb-on-biofuels-news/

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