October 14, 2020
BY Erin Voegele
U.S. corn production is up 8 percent from last year, and forecast at 14.7 billion bushels, according to the Crop Production report issued by USDA’s National Agricultural Statistics Service on Oct. 9.
Corn planted area is currented estimated at 91 million acres, down 1 percent from the previous month’s estimate, but up 1 percent from last year’s total acres.
Based on conditions as of Oct. 1, the USDA projects corn yields will average a record high 178.4 bushels per harvested acre, down 0.1 bushel from the September forecast, but up 10.9 bushels from 2019. Area harvested for grain is forecast at 82.5 million acres, down 1 percent from the September forecast.
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A full copy of the report can be downloaded from the USDA website.
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U.S. operatable biofuels capacity increased slightly in January, with gains for ethanol, according to the U.S. EIA’s Monthly Biofuels Capacity and Feedstock Update, released March 31. Feedstock consumption was down when compared to December.
U.S. farmers are expected to plant 83.5 million acres of soybeans in 2025, down 4% when compared to last year, according to the USDA National Agricultural Statistics Service’s annual Prospective Plantings report, released March 31.
ADM and Mitsubishi Corp. on March 27 announced the signing of a non-binding memorandum of understanding (MOU) to form a strategic alliance to explore potential areas of future collaboration across the agriculture value chain.
China’s exports of used cooking oil (UCO) reached a record high in 2024 but fell sharply in December after the Chinese government eliminated the 13% export tax rebate for UCO, according to a report filed with the USDA.
Ash Creek Renewables, a portfolio company of Tailwater Capital LLC, on March 20 announced it has secured exclusive licensing rights from Montana State University for a new high-performance camelina seed variety.