
SOURCE: U.S. Energy Information Administration
February 2, 2024
BY Erin Krueger
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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Sept. 11. The estimate for 2025-’26 soybean use in biofuel production was revised up.
The USDA released its latest monthly Crop Production report on Sept. 11, predicting soybean production for beans will reach 4.53 billion bushels in 2026, up slightly from the previous forecast and up 6% from 2025.
The U.K. Trade Remedies Authority on Sept. 10 announced it will not apply anti-subsidy duties to imports of renewable diesel from the U.S., as previously proposed duties “would not be in the U.K.’s economic interests.”
The U.S. biofuel industry consumed 30.46 billion pounds of feedstock in June, up 4% when compared to May and up 6% when compared to June 2025, according to data released by the U.S. Energy Information Administration on Aug. 31.
Bayer and Neste, the world’s leading producer of renewable diesel and sustainable aviation fuel (SAF), on Sept. 9 announced the companies have finalized a commercial agreement to jointly scale Bayer’s newgold winter canola.