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WASDE predicts rebound in corn use for ethanol production

May 12, 2020

BY Erin Krueger

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PowerWood Canada to construct rail spur to service planned black pellet plants

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By PowerWood Canada Corp.

25 minutes ago

Pellets Business 

PowerWood Canada Corp has agreed the purchase of 175 acres of land in northern Alberta from Mackenzie County to construct a rail spur for transporting advanced black biofuel pellets to Canada's tidewater.

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The USDA on Dec. 31 announced the per-acre payment rates for $11 billion of the $12 billion farm aid package announced in December. U.S. corn, soybean and sorghum farmers will receive respective per-acre payments of $44.36, $30.88, and $48.11.

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XCF Global Inc. announced on Jan. 12 that it is evaluating financing options to support the construction of its New Rise Reno 2 facility. If constructed, New Rise 2 is expected to enable XCF to expand its SAF and renewable fuel platform.

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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.

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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.

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