Photo: American Soybean Association
March 21, 2019
BY Ron Kotrba
U.S. soybean leaders met in Washington, D.C., the week of March 18 for one of two annual meetings of the American Soybean Association Action Partnership. The meetings focused on trade, rural infrastructure and communications.
Although lawmakers were not in session, soy growers met with legislative staff on Capitol Hill to push for completion of the USMCA trade agreement, implementation of the Farm Bill and reinstatement of the lapsed biodiesel tax credit.
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A resolution to the trade war with China and new market development were reiterated while in Washington, D.C.
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The USDA has announced it will delay opening the first quarterly grant application window for FY 2026 REAP funding. The agency cited both an application backlog and the need to disincentivize solar projects as reasons for the delay.
CoBank’s latest quarterly research report, released July 10, highlights current uncertainty around the implementation of three biofuel policies, RFS RVOs, small refinery exemptions (SREs) and the 45Z clean fuels production tax credit.
The USDA significantly increased its estimate for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released July 11. The outlook for soybean production was revised down.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.