
SOURCE: Simon Fraser University
March 13, 2025
BY Simon Fraser University
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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.
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.
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.
Renewables are expected to account for 26% of U.S. electricity generation in 2026, increasing to nearly 28% in 2027, according to the U.S. Energy Information Administration’s latest Short-Term Energy Outlook, released Oct. 6.
Pacolet Milliken LLC on Oct. 7 it has acquired 100% of Georgia Renewable Power, which owns two biomass power plants in northeast Georgia, one in Franklin County and one in Madison County. The facilities have a combined generating capacity of 116 MW.