Soybean oil used to produce biofuels in the U.S. fell to 1.197 billion lbs. in August, according to the U.S. Energy Information Administration (EIA), down from a record 1.273 billion lbs. in July. Of that total, 618 million lbs. were used for biodiesel and 580 million lbs. for renewable diesel. However, that marked the fourth month in a row with soyoil use for biofuels production above 1.0 billion lbs., a level which hadn’t been eclipsed before May.
Soybean Oil Use for Biofuels Slips in August
Soybean oil used to produce biofuels in the U.S. fell to 1.197 billion lbs. in August, according to the U.S. Energy Information Administration (EIA).
(AgWeb)
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