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Ample corn supplies expected, modestly higher prices forecast

monthly Ag Marketing Resource Center

April 30, 2015

BY Susanne Retka Schill

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USDA: Growth in US renewable diesel production impacts global feedstock trade

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By Erin Voegele

June 17, 2024

Advanced BiofuelsFeedstocks

The USDA Foreign Agricultural Service on June 11 published a report discussing how the recent boom in U.S. renewable diesel production has caused market-altering shifts to both foreign and domestic feedstock trade.

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The U.S. EPA on May 22 announced it has approved a RFS pathway for BP’s Cherry Point refinery in Blaine, Washington, that will allow the facility to generate D5 advanced biofuel RINs for renewable diesel produced via the coprocessing of carinata oil.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released June 12. The overall 2024-’25 outlook for soybeans includes higher beginning and ending stocks.

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U.S. biofuels operable production capacity expanded slightly in March, according to data released by the U.S. Energy Information Administration on May 31. Feedstock consumption was up when compared to both the previous month and March 2023.

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The USDA is seeking information from the public on protocols that may be considered for inclusion in a new Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program, the main program of the Growing Climate Solutions Act.

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