The USDA released the World Agricultural Supply and Demand Estimates (WASDE) on Wednesday June 12, showing that the biofuel industry’s appetite for soybean oil is expected to rise over the 2024/25 crop season. The May WASDE report raised the biofuel demand forecast for soybean oil by 1 billion lb to 14 billion lb, and the June WASDE pegged biofuel demand at 50% of domestic supply.
The biofuel industry has been claiming a larger portion of domestic soybean oil supply in recent years. In 2018, US biofuel demand for soybean oil was 34% of domestic supply; the June WASDE report forecasts it at 50% for the 2024/25 crop season.
The USDA’s Foreign Agricultural Service (FAS) released a report on Wednesday titled “US Renewable Diesel Production Growth Drastically impacts Global Feedstock Trade.”
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01.03.2025
Imports of biodiesel, renewable diesel continued to slow during October
US Energy Information Administration (EIA) data released on Tuesday December 31 showed biodiesel and renewable diesel (RD) import volumes declined during October 2024. Biodiesel imports had fallen during five...
01.03.2025
Renderer BFT prices climb; CWG closes week lower
The US animal fats and oils markets closed the week largely stable on Friday January 3, with the exception of the choice white grease (CWG) and tallow markets.
01.03.2025
US meat meal production in November down year on year: USDA
US animal proteins prices on Friday January 3 were steady day on day.
November animal by-product production, stocks
In November, US production of feathermeal (FM) increased month on...