U.S. 2020 edible oil imports were close to 2019’s record

The U.S. imported around 4.76 MMT of edible oils last year, down just 1% from 2019 imports, which were near 4.83 MMT. USDA expects imports to continue to drift lower this year, with the edible oils complex seeing about a 2 percent decline in [...]

December refined corn oil stocks near three-year high

In the February Fats and Oils report, USDA reported that production of refined corn oil totaled 182.2 million lbs in December, up 33.6 million pounds or 23 percent from November but down 7 percent from a year ago. U.S. stocks of refined corn oil [...]

Use of canola oil ramps up as corn oil supply dwindles

In the Fats and Oils report for October, USDA noted disappearance of refined canola for processing was close to 172.4 million pounds, down just 2 million pounds from September (which was the second highest monthly U.S. use recorded). Demand for canola oil has been [...]

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 [...]

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 [...]

Trouble with China triggers decline in Canadian canola acreage

Canada is projecting new-crop canola plantings at 21.3 million acres, down 7 percent from 2018/19 and the lowest level in three years. The industry had expected some reduction, but it was a bit more extensive than expectations. Many growers are shifting acreage to wheat—spring [...]

Is the growth in biodiesel production reaching a plateau?

November biodiesel production showed the lowest year-over-year increase of 2018 to date, with the month’s 159 million gallons up just 7 percent from November 2017. Cumulative 11-month production was up 16 percent from the year before. Manufacturers used 704 million pounds of soybean oil [...]

October biodiesel production near record

The U.S. produced 170 million gallons of biodiesel in October, up 4 percent from September and 1 million gallons shy of tying August’s record volume. Monthly production was up 15 percent from October 2017. Processors used 699 million pounds of soybean oil, up 21 [...]

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