Biofuel demand to soak up more than half of US soyoil production next year, USDA says

Biofuel demand to soak up more than half of US soyoil production next year, USDA says

By Karl Plume CHICAGO (Reuters) -U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recent flurry of federal policy moves has transformed the sector, including higher blending mandates and curbs on foreign biofuel imports and feedstocks, the U.S. Department of Agriculture said on Friday. In a monthly supply-and-demand report, the USDA sharply raised its outlook for soybean oil use by b…

Biofuel want to soak up over half individuals soyoil manufacturing following yr, USDA claims

CHICAGO (Reuters) -U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recent flurry of federal policy moves has transformed the sector, including higher blending mandates and curbs on foreign biofuel imports and feedstocks, the U.S. Department of Agriculture said on Friday. In a monthly supply-and-demand report, the USDA sharply raised its outlook for soybean oil use by biofuel produce…