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Commodities: Argentina, South America events impact corn market

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December 28, 2015

BY Jason Sagebiel, INTL FCStone

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WASDE maintains forecast for 2023-’24 soybean oil use in biofuel

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By Erin Voegele

20 hours ago

Feedstocks

The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Dec. 8. The expected price of soybean oil was revised down.

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The U.S. exported 63,518.4 metric tons of biodiesel and biodiesel blends of B30 and greater in October, according to data released by the USDA Foreign Agricultural Service on Dec. 6. Biodiesel imports were at 165,390.1 metric tons for the month.

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The U.S. Department of Commerce’s International Trade Administration has announced its Renewable Energy and Energy Efficiency Advisory Committee will hold a virtual meeting on Nov. 30. The meeting is open to the public, but registration is required.

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Conestoga Energy and SAFFiRE Renewables LLC announced on Nov. 16 their agreement for Conestoga to host SAFFiRE’s cellulosic ethanol pilot plant at Conestoga’s Arkalon Energy ethanol facility in Liberal, Kansas.

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The USDA maintained its 2023-’24 forecast for soybean oil use in biofuel production in its latest World Agricultural and Supply Estimate report, released Nov. 9. The agency’s estimate for 2022-’23 soybean oil use in biofuel production was revised up.

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