SOURCE: CoBank
October 28, 2024
BY Erin Krueger
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The USDA maintained its 2024-’25 and 2025-’26 forecasts for soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimate for 2023-’24 soybean oil use in biofuel production was revised up.
The USDA increased its forecast for 2025 soybean production in its latest Crop Production report, released Sept. 12. Soybean production for beans is forecast at 4.3 billion bushels, up slightly from the August forecast, but down 2% from last year.
Sen. Chuck Grassley on Sept. 10 called the U.S. Treasury Department’s planned May 2026 release of proposed 45Z clean fuel production credit regulations “unacceptable” and stressed the importance of timely 45Z guidance to two Treasury nominees.
The U.S. Department of Energy on Aug. 29 awarded funding to two SAF research projects, including a project that aims produce SAF from bio-derived methanol and a project that aims to use distillers grains with solubles (DGS) as a SAF feedstock.
More than 40 members of Congress on Sept. 9 sent a letter to U.S. EPA Administrator Lee Zeldin urging the agency to reduce proposed RFS RVOs for 2026 and 2027, block reallocation of SRE volumes, and scrap plans to boost domestic biofuel production.