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February WASDE maintains forecast for soybean oil prices

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By Erin Voegele

February 19, 2025

Feedstocks 

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 Feb. 11. The outlook for soybean oil prices was also unchanged.

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Verity Holdings LLC, a subsidiary of Gevo Inc., and Landus have announced a new agreement aimed at unlocking added value for farmers through sustainability premiums via export markets.

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U.S. operatable biofuel production capacity was unchanged in November 2024, according to data released by the U.S. EIA on Jan. 31. Feedstock consumption was up from both the previous month and November 2023.

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The U.S. Department of Energy Bioenergy Technologies Office released the Feedstock-Conversion Interface Consortium Capstone Report. The report summarizes the FCIC’s goals, research activities, and achievements over the past three years.

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SAF Magazine, in collaboration with the CAAFI, has announced the 2025 North American SAF Conference & Expo will be held Sept. 22-24 in Minneapolis, Minnesota, at the Minneapolis Convention Center. Speaker abstracts can be submitted through May 9.

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The U.S. Department of Energy Bioenergy Technologies Office (BETO) announced up to $10 million in funding to support high-impact research and development (R&D) focused on algae system cultivation and preprocessing.

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Brooke Rollins, President Donald Trump’s nominee to serve as secretary of agriculture, discussed her support for biofuels and addressed concerns over her ties to the oil industry during a Senate confirmation hearing on Jan. 23.

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Moran reintroduces Farm to Fly Act

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By Erin Voegele

January 22, 2025

Sen. Jerry Moran, R-Kan., and a bipartisan groups of colleagues on Jan. 16 reintroduced the Farm to Fly Act, a bill that aims to accelerate the production and development of sustainable aviation fuel (SAF).

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Terviva Inc. on Jan. 14 announced a strategic investment from Idemitsu Kosan Co. Ltd. Idemitsu, in partnership with Terviva and Australia-based Stanmore is beginning a trial plantation of Terviva’s pongamia in Queensland, Australia.

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The USDA on Jan. 15 published an interim rule that establishes guidelines for quantifying, reporting and verifying GHG emissions associated with the production of biofuel feedstock commodity crops grown in the U.S.

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The U.S. DOE Advanced Research Projects Agency-Energy (ARPA-E) has announced $25 million to develop a U.S.-led marine energy hydrocarbon and industrial commodity supply through the deep-water cultivation of seaweed biomass at million-ton scale.

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USDA: 2024 soybean production up 5%

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By Erin Voegele

January 13, 2025

U.S. soybean production was up 5% last year, according to the 2024 Crop Production Annual Summary released Jan. 10 by the USDA's National Agricultural Statistics Service. Soybean yields were also up from 2023.

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The USDA reduced its forecast for 2024-’25 soybean use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Jan. 10. The forecast for soybean oil prices is unchanged.

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Bayer on Jan. 9 announced a deal with Canada-based Smart Earth Camelina Corp., whereby Bayer has acquired their camelina germplasm, intellectual property, and materials to expand its global leadership position in biomass-based feedstock markets.

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Neste and Bayer have signed an MOU aimed at developing a winter canola ecosystem in the U.S, including identifying partners and developing the value chain together, and scaling winter canola production as a raw material for renewable products.

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The USDA has appointed 36 members to serve on the newly formed Greenhouse Gas Technical Assistance Provider and Third-Party Verifier Program Advisory Council, informally known as the Growing Climate Solutions Act Advisory Council.

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U.S. operable biofuels production capacity increased slightly in October, with a small gain for ethanol, according to data released by the U.S. EIA on Dec. 31. Feedstock consumption was down when compared to October 2023.

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Kansas State University biochemists have used synthetic biology techniques to significantly increase the amount of acetyl-triacylglycerols in pennycress and camelina. The achievement could benefit biofuel producers.

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The U.S. DOE has announced $52 million in funding for six university and industry projects to advance the production of low carbon intensity, purpose-grown energy crops critical to accelerating a clean energy bioeconomy.

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CoBank predicts that U.S. production of renewable diesel and associated fuels will experience a modest boost in 2025 but cautions that policy uncertainty looms over administration of the RFS program, SREs and the impact of potential tariffs.

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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 Dec. 10. The estimate for 2023-’24 soybean use in biofuel was revised down.

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The USDA on Dec. 6 delivered an interim final rule setting technical guidelines for climate-smart agriculture crops used as biofuel feedstocks to the White House OMB. OMB review marks a final step before a rule is promulgated.

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New deep-dive videos about the U.S. Department of Energy Bioenergy Technologies Office's 2023 Billion-Ton Report (BT23) are now available to help users access and apply the report findings and associated online data resources.

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U.S. ethanol and biodiesel capacity held steady in September, while renewable diesel capacity fell slightly, according to data released by the U.S. EIA on Nov. 29. Feedstock consumption was down when compared to the previous month.

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Firefly Green Fuels, a British sustainable aviation fuel (SAF) developer, on Nov. 15 signed a memorandum of understanding (MOU) with Sanepar, one of Brazil’s largest water and sanitation companies.

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Rep. Randy Feenstra, R-Iowa, and five of his colleagues on the U.S. House Ways and Means Committee on Nov. 18 announced they are seeking additional information from relevant stakeholders on biofuel tax policy. Reponses must be submitted by Dec. 13.

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Corteva Inc. has announced plans to form a joint venture with bp focused on feedstock production for SAF. The company plans to grow proprietary Corteva mustard seed, sunflower and canola feedstocks well-suited for SAF production.

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The U.S. Department of Energy on Nov. 14 announced $20.2 million in funding for 10 university and industry projects spanning seven states to advance mixed algae development for low-carbon biofuels and bioproducts.

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The USDA released its latest Crop Production report on Nov. 8, reporting reduced forecasts for 2024 soybean production and yields. Both production and yields, however, are up significantly when compared to last year.

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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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