March 9, 2021
BY Geoff Cooper
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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.
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.
The IEA on Oct. 9 published its annual Renewables market report, which for the first time includes a chapter focused on renewable fuels that outlines expected growth in liquid biofuels, including SAF, biogas, and other forms of bioenergy through 2030.
Iowa Secretary of Agriculture Mike Naig announced that the Iowa Renewable Fuels Infrastructure Program Board has approved 126 project applications from Iowa gas stations for new and expanded E15, E85, and biodiesel infrastructure projects.
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.