January 13, 2026
BY Erin Krueger
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California Gov. Gavin Newsom on Jan. 9 released a proposed 2026-27 state budget. Details published by the California Senate Committee on Budget and Fiscal Review indicate the proposed budget includes provisions for a new SAF tax credit.
The USDA reduced its forecast for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 12. The forecast price for soybean oil was unchanged.
U.S. soybean production fell by approximately 3% in 2025, according to the USDA’s latest Crop Production report, released Jan. 12. Soybean yields, however, reached a record high of 53 bushels per acre.
The U.S. EPA on Jan. 7 delivered a draft final rule to the White House Office of Management and Budget to repeal the agency’s 2009 Endangerment Finding and tailpipe greenhouse gas regulations for motor vehicles and engines.
U.S. Secretary of Agriculture Brooke L. Rollins has announced the appointment of Justin Benavidez as USDA’s Chief Economist. Benavidez’s appointment follows the retirement of Seth Meyer, who served as USDA’s Chief Economist since 2021.