
US biofuel producers consumed about 30.7 billion pounds of feedstock in August 2026, according to EIA data released October 30. Use fell 2% from July but rose nearly 6% from August 2025, with corn at 26.8 billion pounds and soybean oil at 1.4 billion pounds.
Strong year-on-year biofuel feedstock use supports demand for corn and soybean oil, though the monthly dip signals some easing in intake. The effect on prices is moderate given the data reflects a single month.
After 1,039 past bullish report events, CORN moved a median +0.6% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), 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.