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USDA maintains forecast for 2022-'23 corn use in ethanol

April 11, 2023

BY Erin Krueger

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USDA predicts 17% boost in soybean oil use in biofuel production

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By Erin Krueger

43 minutes ago

Feedstocks 

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%.

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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.

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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.

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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.

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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.

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