November 9, 2021
BY Erin Krueger
The USDA National Agricultural Statistics Service released its latest Crop Report on Nov. 9, increasing its forecasts for corn production and yields. The forecast for area harvested for grain was unchanged.
Corn production for grain is currently forecast at 15.1 billion bushels, up less than 1 percent from the October forecast, but up 7 percent from 2020.
Based on conditions as of Nov. 1, the USDA expects yields to average 177 bushels per harvested acre, up 0.5 bushels when compared to the previous forecast and up 5.6 bushels from last year.
Area harvested for grain is forecast at 85.1 million acres, unchanged from the October forecast but up 3 percent from last year.
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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.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
The USDA’s National Agricultural Statistics Service on June 30 released its annual Acreage report, estimating that 83.4 million acres of soybeans have been planted in the U.S. this year, down 4% when compared to 2024.