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Bayer acquires camelina assets from Smart Earth Camelina to advance biofuels

SOURCE: Bayer

January 9, 2025

BY Bayer

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USDA: October WASDE maintains forecast for 2026-’27 soybean oil use in biofuel

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By Erin Krueger

13 minutes ago

Feedstocks 

The USDA maintained its forecast for soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 9. The outlook for soybean oil prices was also unchanged.

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The USDA on Oct. 9 released its latest Crop Production report, predicting soybean production for beans will reach a record high 4.56 billion bushels in 2026, up 1% when compared to the September forecast and up 7% when compared to 2025.

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CHAR Technologies Ltd. on Oct. 1 announced the substantial completion of Phase 1 mechanical and electrical construction at its Thorold Renewable Energy Facility, the company's first commercial renewable energy and biocarbon production facility.

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The USDA on Oct. 6 announced a $180 million investment to launch the USDA’s Seed Sovereignty Initiative, a major effort to both strengthen U.S. agricultural security by protecting the plant genetic resources and enabling ag innovation.

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Approximately 1.622 million U.S. households are expected to use wood as a primary heating fuel in 2026, down 4% when compared to last year, according to the U.S. Energy Information’s annual Winter Fuels Outlook, released Oct. 6.

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