The USDA Forecasts a Stronger 2023/2024 Canola Crush

The USDA Forecasts a Stronger 2023/2024 Canola Crush

**Note – Amanda Luhavalja will be out of the office until Thursday March 21

USDA raised its canola oil production outlook to offset growing US domestic consumption. The crush forecast was raised to 4.5 billion pounds in part to satisfy growing biofuel demand within the US.

The Energy Information Administration (EIA) reported renewable diesel production from canola oil reached 193 million pounds in December, its highest monthly demand for the year. Biodiesel demand for canola oil was 150 million pounds in December. 3.38 billion pounds of canola oil was consumed during 2023 by the biofuel industry, which was 170 percent over reported 2022 canola oil demand.

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

03.07.2025

Sausage casings bulletin, March 7, 2025

Sausage casings bulletin, March 7, 2025

Runner market commentary
Table 1

Membership required to view content.


Table 2

...

Membership is...

03.03.2025

EASA releases EU SAF mandate penalty reference prices

EASA releases EU SAF mandate penalty reference prices

The EU Aviation Safety Agency (EASA) released its report on 2024 aviation fuel prices on February 25, and this will be used to assess penalties for non-compliance with ReFuelEU...

03.03.2025

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Gulf UCO, tallow prices edge lower; Chicago lard posts modest gains

Activity in the US animal fats and oils markets picked up late in the day on Monday March 3, with the US Gulf region reporting the bulk of trades.

Latest Tweets