January soybean oil edible use rose 5% YOY

USDA reported that in January, 1.15 billion pounds of soybean oil were removed from stocks for use in edible applications. This volume was up 3 percent from December and up 5 percent from January 2020 as demand for soybean oil has proven notably resilient [...]

August biodiesel production up 5% YOY

Biodiesel production in August was 163 million gallons, up 1 million gallons from July and up from 156 million in August 2019. During Jan-Aug 2020, manufacturers produced 1.189 billion gallons, up 1 percent from the first eight months of 2019 and just slightly lower [...]

Biodiesel production consuming near-record soybean oil volumes

Biodiesel production in July increased 7 percent from June and, at 162 million gallons, was up 2 percent from a year ago, as diesel fuel demand from the shipping sector supported biodiesel demand. Sales of B100 for blending totaled 98 million gallons, the highest [...]

Record soybean oil use for biodiesel in May

The biodiesel industry produced 147 million gallons in May, up 2 percent from April but down 5 percent from May 2019. However, soybean oil utilization jumped to 778 million pounds, up 16 percent from April and beating the previous monthly volume of 768 million [...]

Ethanol use continues upward climb

For the week ending May 22, ethanol production continued its upward trend to 724,000 barrels per day (bpd), a four-week high but down roughly 32 percent from this time last year. Weekly production rose each week in May. Ethanol use by blenders and refiners averaged [...]

Soybean oil prices crash under energy market tidal wave

Soybean values dropped additionally last week but nothing to match the price depreciation seen in soybean oil futures. The precipitous fall of nearby crude oil futures spilled into the rest of the edible oils complex, pushing soybean oil prices closer to $0.25 per pound. [...]

2019 biodiesel production down 7 percent YOY

U.S. biodiesel producers manufactured 1.73 billion gallons in 2019, down from 1.86 billion in 2018. Production was lower YOY during eight months of the year and dipped sharply during Q4. December biodiesel production was 133 million gallons, up 5 percent from November but down [...]

Will Nov/Dec biodiesel production hold steady?

EIA data for October show biodiesel production was 144 million gallons, up slightly from September but down 16 percent from October 2018, when production set new records right and left. This year, monthly production fell below 2018’s numbers starting in June and fell below [...]

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