Members of the National Oilseed Processors Association (NOPA) crushed 183.6 million bu. of soybeans during May, 5.2 million bu. more than the average pre-report estimate and a record for the month.
The U.S. is worried the port’s ability to handle megaships directly between Peru and China could shift trade dynamics, making it easier for China to extract and control South American resources.
The landscape for U.S. renewable diesel production has changed dramatically, similar to the growth of ethanol and biodiesel in the past two decades, according to a report from USDA’s Foreign Agricultural Service.
For 2024, USDA raised its pork production forecast 40 million lbs. on a more rapid pace of second-quarter slaughter and higher dressed weights. USDA lowered its 2024 beef production forecast 5 million lbs.
The World Bank raised its global economic growth forecast for this year to 2.6%, up from January’s 2.4%, driven by strong U.S. economic expansion. However, it warns that. . .
On Jan. 1, 2025, the 40B and 40A credits will expire, and the 45Z program will begin, running through 2027. The new credit will be based on emissions rates.
