August 18, 2021
BY Erin Krueger
The USDA’s National Agricultural Statistics Service released a Crop Production report on Aug. 12 predicting that soybean production will be up 5 percent when compared to last year. Soybean yields are expected to be slightly lower.
The USDA currently predicts soybean production will reach 4.34 billion bushels this year, up 5 percent when compared to 2020. U.S. farmers planted an estimated 87.6 million acres of soybeans this year, up 5 percent from last year. The USDA expects 86.7 million acres will be harvested.
Soybean yields are expected to average 50 bushels per acre, down 0.2 bushels from 2020. If realized, the forecasted yields in Illinois, Indiana, Maryland, Mississippi, Missouri, New York, Ohio, Pennsylvania and Texas will be record highs.
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The U.S Department of Energy Bioenergy Technologies Office, in partnership with the Algae Foundation and NREL, on July 21 announced the grand champion and top four winning teams of the 2023 - 2025 U.S. DOE AlgaePrize Competition.
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.