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USDA boosts forecast for 2023-’24 soybean oil use in biofuel production

January 12, 2024

BY Erin Voegele

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Strategic Biofuels publishes a guide to forestry feedstock under the RFS

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By Strategic Biofuels

September 18, 2024

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Strategic Biofuels has published a free resource, “A Practical Guide to Forestry Feedstock Under the Renewable Fuel Standard.” The guide is the result of the work completed as part of a cooperative agreement signed with the U.S. Forest Service.

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The RFA has asked the U.S. EPA for an update on the agency’s investigation of certain biofuel feedstock imports and is urging the adoption of more stringent feedstock verification requirements for imported used cooking oil and tallow.

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The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest WASDE report, released Sept. 12. The estimates for 2022-’23 and 2023-’24 soybean oil use in biofuel production were revised up.

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The USDA reduced its forecast for soybean production in its latest monthly Crop Production report, released Sept. 12. Record highs, however, are expected for both soybean yields and soybean production for beans.

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Agriculture Secretary Tom Vilsack on Sept. 10 explained USDA’s work to support guidance for the 45Z Clean Fuel Production Credit and candidly discussed the possible repercussions of efforts to limit the credit to domestically produced feedstocks.

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