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Corn market expected to hover around $4

December 31, 2014

BY Jason Sagebiel, FCStone

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February WASDE maintains forecast for soybean oil prices

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By Erin Voegele

7 hours ago

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 Feb. 11. The outlook for soybean oil prices was also unchanged.

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The U.S. Department of Commerce’s International Trade Administration on Feb. 12 announced it would postpone a meeting of the Renewable Energy and Energy Efficiency Advisory Committee that was scheduled to take place that day.

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Sasol, Anglo American and De Beers entered into a joint development agreement on Feb. 4 to pilot the production of feedstock for renewable diesel. The initiative aims to support the development of a value chain for renewable fuels in South Africa.

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Verity Holdings LLC, a subsidiary of Gevo Inc., and Landus have announced a new agreement aimed at unlocking added value for farmers through sustainability premiums via export markets.

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The U.S. exported 19,303.6 metric tons of biodiesel and biodiesel blends of B30 or greater in December, according to data released by the USDA Foreign Agricultural Service on Feb. 5. Biodiesel imports were at 97,4200.7 metric tons for the month.

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