August 18, 2021
BY Erin Voegele
The USDA’s National Agricultural Statistics issued a Crop Production report on Aug. 12 predicting that corn production will be up 4 percent when compared last year. Average corn yields are also forecast higher.
The USDA currently predicts corn production will reach 14.8 billion bushels this year, up 4 percent when compared to 2020. Average corn yield is forecast at 174.6 bushels per acre, up 2.6 bushels from last year. NASS is forecasting record-high yields in California, Illinois, Indiana, Michigan, New York, Ohio, Oklahoma and Pennsylvania.
The agency said U.S. farmers planted 92.7 million acres of corn this year, up 2 percent from last year. As of Aug. 1, 62 percent of this year’s crop was reported in good or excellent condition, up 10 percent from the same period of last year.
Advertisement
Advertisement
The USDA reduced its outlook for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 10. The outlook for soybean oil pricing was revised up.
BDI-BioEnergy International has signed a contract with Ghent Renewables BV to begin the construction of a pioneering biofuel feedstock refinery plant. Construction is underway and the facility is expected to be operational by the end of 2025.
Verity Holdings LLC, a subsidiary of Gevo Inc., has partnered with Minnesota Soybean Processors (MnSP) to implement Verity’s proprietary track and trace software. The collaboration aims to unlock additional value through export premiums.
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.