The ongoing expansion of US soybean processing capacity and a protracted downturn in crush margins could “threaten the viability of new high-cost crush plants” in the coming years, a recent report from CoBank’s Knowledge Exchange said.
In the last three years, soybean oil has been the most widely used feedstock in the production of renewable diesel. Demand for renewable diesel has surged due to state and federal tax credits and incentives. Soybean crush capacity has risen 7% in the last three years and is anticipated to increase 23% in the next three years to meet the growing demand for renewable diesel. Renewable diesel output is projected to increase 83% in the next five years. If all projects come online as planned, US renewable diesel production capacity could reach 5.96 billion gallons by the end of 2025.
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12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
12.20.2024
US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
12.20.2024
December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...