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USDA: October WASDE maintains forecast for 2026-’27 soybean oil use in biofuel

October 9, 2026

BY Erin Krueger

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USDA announces plans for an additional $8 billion in farm aid to help offset high diesel prices

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By Erin Krueger

October 20, 2026

Feedstocks Policy 

The USDA on Oct. 19 announced plans to launch a new Harvest Fuel Relief program to provide $8 billion to U.S. farmers to help offset high fuel costs. The one-time payments will be funded through the USDA’s CCC and administered by the FSA.

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The USDA on Oct. 9 released its latest Crop Production report, predicting soybean production for beans will reach a record high 4.56 billion bushels in 2026, up 1% when compared to the September forecast and up 7% when compared to 2025.

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The USDA on Oct. 6 announced a $180 million investment to launch the USDA’s Seed Sovereignty Initiative, a major effort to both strengthen U.S. agricultural security by protecting the plant genetic resources and enabling ag innovation.

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According to the USDA, President Trump’s executive order that lifts taxes on dyed-diesel is expected to represent approximately $640 million in combined federal and state savings across about 224.6 million harvested acres.

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U.S. biofuel producers consumed 31.275 billion pounds of feedstock in July, up nearly 3% when compared to June and up nearly 7% when compared to July 2025, according to data released by the U.S. Energy Information Administration on June 30.

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