Category Archives: soybeans

How Biodiesel Came Into the Picture

“We” had too much -an overproduction of- soybean oil, so a farm checkoff program led to the funding necessary to begin what is now a major biodiesel industry (with taxpayer help). Every couple of years, the biodiesel per gallon tax credit is passed (usually retroactive to the last lapse of coverage) in Congress in their “cleaning up” end of the year bill.


credit: unitedsoybean.org

Financial Times Features Global Grain Surplus Story Plus Video

The Financial Times and commodities writer Gregory Meyer are known for their quality articles. They’ve covered the U.S. and global surplus of grain story in an article including a video (below).

Story here: Commodities: Cereal excess By Gregory Meyer. “Global grain supplies are soaring, which will cause an eventual slowing of food price inflation”