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Commodities: Yield projected to be up in most of Corn Belt

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November 24, 2015

BY Jason Sagebiel, INTL FCStone

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October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production

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By Erin Voegele

October 11, 2024

Feedstocks

The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.

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U.S. soybean production is expected to reach a record high 4.58 billion bushels, up significantly from last year, according to the USDA National Agricultural Statistics Service’s latest Crop Production report, released Oct. 11.

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The U.S. exported 81,957.1 metric tons of biodiesel and biodiesel blends of B30 and greater in August, according to data released by the USDA Foreign Agricultural Service on Oct. 8. Biodiesel imports were at 80,543.6 metric tons for the month.

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The Clean Energy Ministerial (CEM) Biofuture Platform Initiative has unveiled a new Global Biomass Resource Assessment, providing groundbreaking data on current and future sustainable biomass supplies around the world.

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CARB has published additional proposed changes to its pending LCFS modifications, including those that aims to use of sunflower oil feedstock for biomass-based diesel production, and update regulations related to corn stover and biomethane.

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