American soybean growers have netted an extra $2.5 billion over the past four years, thanks to demand for soybean-based biodiesel.
This story from Feedtuffs.com says a new United Soybean Board and soybean checkoff-funded study also found that biodiesel added 25 cents to the price of a bushel of soybeans:
Because the price of petroleum diesel has such a large influence on the price of biodiesel and soybean oil, the study asserts that the biodiesel industry has essentially created a new floor for soybean oil prices.
Additionally, the study found that higher demand for soybean oil led to an increased supply of soybean meal, resulting in meal prices dropping by $19 to $45 per ton.
“Any lowering of the price of inputs for the animal agriculture industry is a plus,” Bainbridge said. “The swine and dairy industries have had a tough time lately. This is a benefit for them. Every little bit helps in the poultry and livestock industries as far as decreasing their costs. And this demonstrates how biodiesel demand can have a positive impact on this important aspect of our food supply.”
You can read the results of the study at the USB Web site.


The U.S. Department of Energy is currently reviewing the application and will soon finalize the list of public and private partners that will receive funding through the grant program. Technologies and fuels covered under this program include neighborhood electric, hybrid-electric, plug-in hybrid electric, compressed natural gas, E85 and biodiesel.
The race is on… but this time it’s to build a cleaner burning snowmobile.
Yesterday, I told you about how a
The potential of a historic corn crop in the United States – planted on fewer acres – demonstrates the country’s farmers can produce more than enough corn for both food and ethanol production, said Tom Buis, Chief Executive Officer of
The new category was introduced by the Dakar Rally organizers at the request of Brazilian rally veteran and former rally winner Klever Kolberg, who will drive the first-ever flex-fuel vehicle to take part in the prestigious race next year – a Brazilian-made 2010 Mitsubishi Pajero Sport model equipped with flex-fuel technology, with support from the
This edition of “The Ethanol Report” features an interview with