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USDA predicts 2% decline in 2023 soybean crop

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By Erin Voegele

November 22, 2023

Feedstocks 

USDA’s National Agricultural Statistics Service released its latest Crop Production report on Aug. 11, predicting 2023 soybean crop will be down 2 percent when compared to last year, with production forecast at 4.21 billion bushels.

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Yield10 Bioscience Inc. has announced positive results in the first field test of stacked herbicide tolerance (HT) traits in camelina. These proprietary stacked HT camelina varieties demonstrate tolerance to herbicides and herbicide soil residues.

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Todd Borgmann, CEO of Calumet Specialty Products L.P., on Aug. 4 announced that all elements of the company’s Montana Renewables project met or outperformed expectations during the second quarter of 2023.

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CVR Energy Inc. expects the feedstock PTU at its Wynnewood refinery in Oklahoma to become operational in Q4. The company is also in discussions with potential partners to develop an additional renewables project that could include SAF capacity.

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Operable biofuels production capacity in the U.S. fell slightly in May, with reductions for both ethanol and biodiesel, according to date released by the U.S. EIA on July 31. Feedstock consumption was up from both the previous month and May 2022.

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Neste released second quarter financial results on July 27, reporting robust demand for renewable diesel and relatively stable feedstock pricing. SAF and renewable diesel sales were up 17 percent when compared to the second quarter of 2022.

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EarthDaily Agro has been selected by Global Clean Energy Holdings Inc. to support work to increase the adoption of camelina in the renewable fuels marketplace through the company's Climate-Smart Camelina Project.

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Louis Dreyfus, Global Clean Energy promote camelina production

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By Global Clean Energy Holdings Inc.

November 21, 2023

Louis Dreyfus Company and Global Clean Energy Holdings Inc. have agreed to jointly promote the sustainable cultivation of Camelina sativa (camelina) in South America, including the countries of Argentina, Paraguay, and Uruguay.

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Blue Biofuels Inc. announced on July 11 it has been awarded a U.S. Department of Energy Small Business Innovation Research Phase 1 grant. The $206,500 grant will support efforts to scale and optimize the company's cellulose-to-sugar process.

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The USDA’s Risk Management Agency on June 30 announced it will expand crop insurance for camelina in direct response to the anticipated increase in demand for the crop for biofuel production. The expansion provides additional grower certainty.

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Total operable biofuels production capacity in the U.S. expanded in April, according to data released by the U.S. Energy Information Administration on June 30. Feedstock consumption was up when compared to the same month of last year.

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The USDA’ on June 30 announced that an estimated 83.5 million acres of soybeans have been planted in the U.S. for 2023, down 5 percent when compared to 2022. Soybean harvested area for 2023 is estimated at 82.7 million acres, down 4 percent.

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Bunge and Chevron’s Renewable Energy Group Inc., a subsidiary of Chevron Corp., have acquired Argentina-based Chacraservicios S.r.l. Chacraservicios is focused on the cultivation of camelina sativa, which can be used to produce biofuels.

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Marquis received the necessary permits for its Marquis South Dock Expansion project on the Illinois River at the Marquis Industrial Complex. The project supports a new soybean processing facility that will produce biofuel feedstock.

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LanzaJet and LanzaTech , on June 15 announced they have been selected by Air New Zealand and the New Zealand government to support the second stage of a study to determine commercial viability and sustainability of domestic SAF production.

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The International Trade Administration has announced it will host a roundtable discussion on June 29 focused on challenges and opportunities for strengthening the supply chain and export competitiveness of the U.S. hydrogen industry.

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Sen. Tammy Duckworth, D-Ill., on June 13 introduced the Sustainable Aviation Fuels Accuracy Act of 2023, a bipartisan bill that aims to identify the standards required to meet the definition of SAF at the FAA.

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The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest WASDE report, released June 9. The forecasts for soybean planted area, yields and season-average prices were also unchanged.

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The DOE has released its U.S. National Clean Hydrogen Strategy and Roadmap, which addresses both the potential to produce hydrogen from biomass and biogas and the growing need for hydrogen feedstock in advanced biofuels production, particularly SAF.

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Navigator Terminals and alfanar will enter a joint FEED study to determine the key scope for the U.K.’s first SAF handling terminal that will be located on North Tees to transport feedstock and handle the production volumes from alfanar's plant.

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With lower production partly offset by higher beginning stocks, 2023-'24 soybean supplies are reduced 185 million bushels. Soybean crush is reduced 10 million bushels reflecting a lower soybean meal domestic disappearance forest.

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