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USDA maintains 2023-’24 forecast for soybean oil use in biofuel

November 28, 2023

BY Erin Krueger

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The USDA maintained its forecast for 2026-’27 soybean oil use in biofuel production in its latest WASDE report, released June 11. The agency revised up its estimate for the volume of soybean oil used to produce biofuel in 2025-’26.

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The U.S. EIA maintained its 2026 and 2027 production forecasts for renewable diesel in its latest Short-Term Energy Outlook, released June 9. The production outlooks for “other biofuels,” defined to include SAF, were also maintained.

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Earlier this year, the MIT Energy Initiative (MITEI) launched a major study to examine the sustainable fuel options for aviation, international shipping, long-haul trucking, and freight rail. The two-year study will be complete in 2028.

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U.S. Agriculture Secretary Brooke Rollins on June 4 confirmed that release of the USDA’s feedstock guidelines to inform 45Z clean fuel production credit implementation “is imminent” with release scheduled for “this summer.”

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