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Commodities: Argentina, South America events impact corn market

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December 28, 2015

BY Jason Sagebiel, INTL FCStone

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

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By Erin Krueger

an hour 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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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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New Zealand’s Energy Efficiency and Conservation Authority on Oct. 1 announced it is investing in five new wood energy aggregation facilities and four projects that aim to produce torrefied biomass and wood pellets.

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For qualified biomass facilities, properly processed railroad ties can provide a reliable supplemental fuel stream with useful heating value, established regulatory pathways and the potential to diversify supply.

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