It looks like there will be plenty of soybeans for food and fuel use, especially since the non-renewal of the biodiesel tax incentive seems to have put a lot of refineries’ operations on hold.
The latest World Agriculture Supply and Demand Estimate report from the USDA pushes up the 2009 U.S. soybean crop now to an estimated record 3.36 billion bushels, up 42 million bushels from the previous month. Biodiesel Magazine reports that soybean export projections were raised 35 million bushels to a record 1.38 billion led by strong sales and shipments to China and several other markets including Taiwan, Thailand, Egypt, and Canada:
The projected U.S. soybean crush was raised 15 million bushels from the previous month’s report to 1.71 billion reflecting increased soybean meal exports. Soybean ending stocks were projected at 245 million bushels, down 10 million from last month. Despite increased crush, soybean oil production was reduced due to a lower extraction rate. With projected use unchanged, soybean oil stocks were projected at 2.15 billion pounds, down 155 million from last month. The estimate for methyl ester use was unchanged at 2.2 billion pounds for the current 2009/10 marketing year. That compares with 1.9 billion pounds in 2008/09 and 3.24 billion pounds the previous year.
The report goes on to say that U.S. soybean yields averaged an estimated 44 bushels an acre, also a record. Hopefully, this increased size of crop and higher yields will quiet some of the critics who say we can’t have food and fuel.


The St. Louis-area Donald Danforth Plant Science Center will receive $44 million in stimulus bucks to conduct advanced biofuels research.

A proposed ethanol pipeline could create nearly 80,000 jobs across the country, according to a new feasibility report.
Ethanol producer 
“Pursuing this strategy runs counter to the stated goals of Governor Schwarzenegger and the State Assembly to reduce carbon emissions from motor vehicles,” said 
Schwarzenegger said biobutanol will meet California’s Low Carbon Fuels Standard (LCFS), which was approved this week by the state’s Office of Administrative Law. “It is great companies like Cobalt that will help California meet our greenhouse gas reduction targets under AB 32 and our Low Carbon Fuel Standard,” said Governor Schwarzenegger, who used the occasion to promote his proposed sales tax exemption for clean tech companies. “Cobalt shows us that what is good for the environment can also be good for the economy. In fact, within the next few years, Cobalt has plans to build an even larger plant that will create 1,300 permanent jobs. I want that plant and those jobs right here in California.”
