November 28, 2023
BY Erin Voegele
The USDA’s National Agricultural Statistics Service predicts soybean production for 2023 will fall to 4.15 billion bushels, down 3 percent from last year, according to the agency’s latest Crop Production report, released Sept. 12.
Planted area for soybean is currently estimated at 83.6 million acres, up slightly from the previous estimate.
Area for soybean harvest is forecast at 82.8 million acres, up slightly from last month but 4 percent less than was harvested last year. Planted area for the nation, estimated at 83.6 million acres, is down 4 percent from last year. Soybean yields are expected to average 50.1 bushels per acre, down 0.8 bushel from last month’s forecast but up 0.6 bushel from 2022. If realized, the forecasted yields in Arkansas, Indiana, Kentucky, Mississippi, New York, Ohio, and Tennessee will be record high.
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Neste and FedEx, the world’s largest express cargo airline, have agreed on the supply of 8,800 metric tons (more than 3 million gallons) of blended Neste MY Sustainable Aviation Fuel to FedEx at Los Angeles International Airport (LAX).
The U.S. EPA on May 14 delivered two RFS rulemakings to the White House OMB, beginning the interagency review process. One rule focuses on RFS RVOs and the other focuses on a partial waiver of the 2024 cellulosic RVO.
The U.S. EPA on May 15 released data showing nearly 1.79 billion RINs were generated under the RFS in April, down from 2.09 million generated during the same month of last year. Total RIN generation for the first four months of 2025 was 7.12 billion.
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Tidewater Renewables on May 8 announced that its 3,000-barrel-per-day renewable diesel plant in Prince George, British Columbia, operated at 75% capacity during the first quarter, up from 71% during the same period of last year.