USDA Increases Forecast for Soybean Oil use in Biofuel Production
The USDA increased its forecast for 2023-’24 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 12. The estimate for 2022-’23 soybean oil use in biofuel production was also revised up. U.S. soybean production for 2023-’24 is forecast at 4.1 billion bushels, down 42 million on […]
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