January 13, 2022
BY Erin Voegele
Increased acreage and higher yields led to record high soybean production last year, according to the USDA National Agricultural Statistics Service’s 2021 Crop Production Annual Summary released on Jan. 12.
According to the USDA, soybean production for 2021 totaled a record high 4.44 billion bushels, up 5 percent from 2020. With record high yields in 21 states, the average soybean yield is estimated at 51.4 bushels per acre, 0.4 bushel above 2020 and the second highest on record.
The USDA estimates that soybean stocks as of Dec. 1, 2021, were up 7 percent from the same date of the previous year. Soybeans stored in all positions totaled 3.15 billion bushels.
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The Michigan Advanced Biofuels Coalition and Green Marine are partnering to accelerating adoption of sustainable biofuels to improve air quality and reduce GHG emissions in Michigan and across the Great Lakes and St. Lawrence Seaway.
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.
The U.S. Energy Information Administration reduced its 2025 forecasts for renewable diesel and biodiesel in its latest Short-Term Energy Outlook, released April 10. The outlook for “other biofuel” production, which includes SAF, was raised.
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