April 11, 2023
BY Erin Krueger
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The USDA on Feb. 19 released its Grains and Oilseed Outlook, predicting an increase in soybean production and planted acres for 2026-27. The volume of soybean oil used for biofuel production is expected to increase approximately 17%.
Bayer on Feb. 19 announced the launch of newgold seed, its first multi-crop seed brand developed specifically for low-carbon intensity crops, designed to help farmers participate directly in the fast-growing biofuels market.
The House Committee on Agriculture on Feb. 13 released a draft Farm Bill that includes provisions that aim to expand the use of biochar and encourage growth and innovation in the biofuel, bioproducts and bioenergy industries.
U.S. biofuel producers consumed 29.438 billion pounds of feedstock in November 2025, down approximately 2% when compared to both the previous month and November 2024, according to data released by the U.S. Energy Information Administration.
The USDA maintained its outlook for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 12. The outlook for season-average soybean oil prices was also unchanged.