June 30, 2022
BY Erin Voegele
U.S. farmers have planted an estimated 89.9 million acres of corn in 2022, down 4 percent when compared to last year, according to the USDA National Agricultural Statistics Service’s Acreage report, released June 30.
According to the USDA, U.S. growers are expected to harvest 81.9 million acres of corn for grain this year, down 4 percent from last year. The agency reported that 93 percent of all corn acres planted in the U.S. are biotech varieties, unchanged from last year.
NASS also released its quarterly Grain Stocks report on June 30, reporting that corn stocks are estimated at 4.35 billion bushels, up 6 percent when compared to the same time last year. On-farm corn stocks are up 22 percent, but off-farm stocks are down 6 percent.
Advertisement
Advertisement
The USDA on April 14 announced the cancellation of its Partnerships for Climate-Smart Commodities program. Select projects that meet certain requirements may continue under a new Advancing Markets for Producers initiative.
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.