July 7, 2023
BY Erin Voegele
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The USDA currently predicts soybean oil use in biofuel production will increase by 1 billion pounds to 14 billion pounds for 2024-25, according to the agency’s latest World Agricultural Supply and Demand Estimates Report, released May 10.
The USDA’s Agricultural Research Service, the University of Nebraska–Lincoln, and Nebraska Innovation Campus on May 6 celebrated the groundbreaking of the National Center for Resilient and Regenerative Precision Agriculture.
The U.S. exported 45,891.8 metric tons of biodiesel and biodiesel blends of B30 and greater in March, according to data released by the USDA Foreign Agricultural Service on May 2. Biodiesel imports reached 116,141.1 metric tons during the month.
Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel, especially for Nebraskans, according to Fueled by Nebraska, a partnership of Nebraska biofuel and ag organizations.
The USDA maintained its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released April 11. The forecasted price for soybean oil was also unchanged.