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The U.S. Department of Agriculture lowered its estimate for soybean use in biofuels in 2024/25 in its latest World Agricultural Supply and Demand Estimates report, released May 12. However, the agency expects soybean oil use in biofuels to increase during the 2025-26 marketing year. USDA’s current 2025/26 forecast for U.S. soybeans shows slightly lower supplies,

The U.S. Department of Agriculture lowered its estimate for soybean use in biofuels in 2024-25 in its latest World Agricultural Supply and Demand Estimates report, released May 12. However, the agency expects soybean oil use in biofuels to increase during the 2025-26 marketing year. USDA’s current 2025-26 forecast for U.S. soybeans shows slightly lower supplies, higher crush, lower exports, and lower ending stocks compared to 2024-25. The soybean harvest is projected to be lower at 4.34 billion bushels with trend yields and lower area. With higher beginning stocks but lower exports and production, soybean supplies are projected to decline less than 1% from 2024-25. U.S. soybean crush in 2025-26 is forecast to be 2.49 billion bushels, 70 million bushels higher than the 2024-25 forecast due to higher disappearances and soybean meal exports. USDA forecasts 13.9 billion pounds of soybean oil will be used for biofuels in 2025-26. The agency now estimates soybean oil use in biofuels ...

Soybean quotes rose by 1.8-2.6% amid reduced tariffs between the US and China, despite USDA's forecast for global production growth in 2025/26 MY/