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Soybean

Corn and Soy Biofuels Get Green Light for Sustainable Aviation Fuel Tax Credits: WSJ

The Biden administration has expanded the eligibility for sustainable aviation fuel (SAF) tax credits to include corn- and soy-based biofuels, as reported by the Wall Street Journal. The new guidelines released by the Treasury Department last week aim at incentivizing the production and use of SAF, which is crucial for

Argentina Soybean, Corn Output Threatened by Adverse Weather

Argentina's soybean harvest is progressing, but concerns remain about potential yield losses due to adverse weather conditions, according to the latest report from the Buenos Aires Grains Exchange. Meanwhile, the exchange has revised its corn production forecast downward, reflecting the impact of drought and heat stress on late-planted

Heavy Rains Disrupt Brazil Soybean and Corn Harvest, Reuters Reports

Torrential rainfall in Brazil's Rio Grande do Sul state is causing significant disruptions to the final stages of the soybean and corn harvest, as reported by Reuters. The state, which is Brazil's second-largest soybean producer and sixth-largest corn producer, has experienced heavy downpours leading to flooding

World Bank Projects Food Price Decline, But Flags Geopolitical and Climate Risks

The World Bank anticipates a decline in global food prices throughout 2024 and 2025, primarily driven by lower prices for grains and oils. However, the latest report from the bank warns of potential risks, including geopolitical tensions and weather-related disruptions, that could impact this projection. The report highlights recent trends
World Bank Projects Food Price Decline, But Flags Geopolitical and Climate Risks

Surge in Green Diesel Feedstock Imports Disrupts US Soy Market: Bloomberg

A surge in imports of used cooking oil and other feedstocks for renewable diesel production is disrupting the US soybean processing industry, squeezing profit margins and forcing plant slowdowns, according to a report by Bloomberg. The influx of foreign shipments of alternative feedstocks, such as tallow, used cooking oil, and

Paraguay's Record Soybean Harvest Faces River Woes | Reuters

Paraguay is celebrating a record-breaking soybean harvest of 10.4 million tons, but low water levels in the Paraguay River threaten to slow exports, as reported by Reuters. The key waterway for transporting soybeans is suffering due to drought in central-west Brazil. Shallower waters limit cargo capacity on barges, causing

Soybean Oil Faces Competition in Renewable Diesel Boom | RBN Energy

The rise of renewable diesel (RD) is creating a scramble for feedstock, the raw materials used to produce the fuel. This has major implications for the soybean oil market, according to a recent article by RBN Energy. Soybean oil has traditionally been the king of RD feedstocks, but its dominance