
SOURCE: USDA FAS GAIN
December 9, 2024
BY Erin Krueger
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Renewables are expected to account for more than 26% of U.S. electricity generation this year, expanding to nearly 28% in 2027, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Sept. 9.
The U.S. Energy Information Administration maintained its 2026 and 2027 production forecasts for biodiesel, renewable diesel and sustainable aviation fuel (SAF) in its latest Short-Term Energy Outlook, released Sept. 9.
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.”