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EIA: US biofuel capacity down slightly in August, feedstock consumption up significantly from last year

SOURCE: U.S. Energy Information Administration

November 8, 2024

BY Erin Voegele

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USDA revises down forecast for soybean production, yields

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Nov. 8. The U.S. season-average price for soybean oil was revised up 1 cent per pound.

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