
December 11, 2024
BY Erin Voegele
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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.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.
The IRS on Aug. 8 issued guidance on the 45Z clean fuel production credit that provides the 2026 emission rate tables used to calculate the credit and provides guidance on the use of manure-derived fuels and regenerative agriculture practices.