[{"Id":"5320741c-de3d-45e8-9293-b30dd3c5c4f8","Title":"Stakeholders React To EPA Biodiesel Program","Summary":"The October 2017 update focused on the Environmental Protection Agency’s (EPA) notification of reducing the biomass-based diesel and on the advanced biofuel volume…","URL":"Stakeholders-React-to-EPA-Biodiesel-Program-2","ExternalUrl":"","Content":"The October 2017 update focused on the Environmental Protection Agency’s (EPA) notification of reducing the biomass-based diesel and on the advanced biofuel volume requirements under the Renewable Fuel Standard. However, after numerous farm belt legislators were critical of this decision by EPA, the agency backed off those plans.1 In addition, the Commerce Department set higher-than-expected anti-dumping penalties against imported Argentine biodiesel.2
On November 9, 2017, the USDA issued its latest crop production estimates. Soybean production was hardly affected. It changed to a new record of 4,425 million bushels.3 The monthly USDA “World Agricultural Supply Demand Estimates” maintained a large projection for soybean oil usage as biodiesel feedstock this year (7 billion pounds); consequently, soybean oil stocks did not approach burdensome levels.4 Prices are forecast to be about two cents per pound higher compared to last year.
","References":"References
3 “Crop Production.” United States Department of Agriculture. September 12, 2017.
","AuthorName":"Richard Galloway","AuthorImage":"https://www.qualisoy.com/images/default-source/default-album/richard-galloway.jpg?sfvrsn=8347b312_2","AuthorAlt":"Richard-Galloway","PreviewImage":"https://www.qualisoy.com/images/default-source/hero-images/qua-website-header-template-33.jpg?sfvrsn=ebfd3680_2","PreviewAlt":"QUA-Website-Header-Template-33","PublishDate":"2019-03-05T20:02:21.51Z","ImageURL":"https://www.qualisoy.com/images/default-source/charts/qua-website-header-template-darkest--3.jpg?sfvrsn=b8449e68_3","MainAlt":"","Type":{"Id":"a75f65fb-7362-46ac-b24a-36929769746c","Name":"Market Update"},"Topic":[{"Id":"13bf4f6a-4d93-49e0-9a6d-691ef6585a9e","Name":"Sourcing"},{"Id":"d362ccf8-edb2-46a4-a766-f7b3620fd3ce","Name":"Supply & Availability"},{"Id":"82b857c3-3613-4b22-860a-ee1474f32657","Name":"Conventional Soybean Oil"}]},{"Id":"6f05bdbf-e4be-4a95-a4d2-f71ea06e9e0a","Title":"Bountiful Soybean Harvest Ready to Meet Surging Oil Demand","Summary":"The latest projection released by the United States Department of Agriculture (USDA) promises a plentiful supply of soybeans through 2018 and projections show…","URL":"bountiful-soybean-harvest-ready-to-meet-surging-oil-demand","ExternalUrl":"","Content":"The latest projection released by the United States Department of \nAgriculture (USDA) promises a plentiful supply of soybeans through 2018 \nand projections show crops breaking records1.
In its September 12 report, the USDA increased the soybean yield by 0.5 \nbushels per acre while keeping harvested acreage unchanged. This results\n in a projection of the soybean crop at 4,431 million bushels, almost 3 \npercent greater than last year’s previous record1. In its \nAugust World Agricultural Supply and Demand Estimates (WASDE) report, \nthe USDA projected soybean prices to trade in a range with a midpoint of\n $9.20 per bushel, about the same as the previous two years2.","References":"1 “Crop Production.” https://www.usda.gov/nass/PUBS/TODAYRPT/crop0917.pdf United States Department of Agriculture. September 12, 2017,
2 “World Agricultural Supply Demand Estimates.” https://www.usda.gov/oce/commodity/wasde/latest.pdf United States Department of Agriculture. September 12, 2017.
3 The National Biodiesel Board. “Commerce Department Rules in Favor of US Producers in Trade Dispute.” Biodiesel Magazine. August 22, 2017. http://www.biodieselmagazine.com/articles/2516127/commerce-dept-rules-in-favor-of-us-producers-in-trade-dispute
4 “Analysis of the U.S. Biodiesel and Renewable Diesel Market.” Genscape. July 27, 2017. http://www.genscape.com/blog/analysis-us-biodiesel-and-renewable-diesel-market-genscape-and-playmaker-strategies
","AuthorName":"Richard Galloway","AuthorImage":"https://www.qualisoy.com/images/default-source/default-album/richard-galloway.jpg?sfvrsn=8347b312_2","AuthorAlt":"Richard-Galloway","PreviewImage":"https://www.qualisoy.com/images/default-source/media-resources/news-articles/stakeholders-react-to-epa-biodiesel-program.jpg?sfvrsn=9d5cd144_4","PreviewAlt":"Stakeholders-React-to-EPA-biodiesel-program","PublishDate":"2019-03-05T20:01:18.443Z","ImageURL":"https://www.qualisoy.com/images/default-source/media-resources/news-articles/stakeholders-react-to-epa-biodiesel-program.jpg?sfvrsn=9d5cd144_4","MainAlt":"Stakeholders-React-to-EPA-biodiesel-program","Type":{"Id":"a75f65fb-7362-46ac-b24a-36929769746c","Name":"Market Update"},"Topic":[{"Id":"21985ed6-591f-49ca-a333-fe0e7966ebab","Name":"Regulatory & Approvals"},{"Id":"9b29a9e6-d77b-400d-b4b8-5e196434a464","Name":"Functionality"}]},{"Id":"13681218-a8f1-4333-a812-babd86415673","Title":"U.S.-Grown Soybean Oil Achieves FDA's Qualified Heart Health Claim","Summary":"Food manufacturers can promote eligible soybean oil products as U.S. grown and now, heart healthy.","URL":"u.s.-grown-soybean-oil-achieves-fda's-qualified-heart-health-claim","ExternalUrl":"","Content":"ST.\n LOUIS, August 1, 2017 – The Food and Drug Administration authorized the\n use of a qualified health claim confirming soybean oil’s ability to \nreduce the risk of coronary heart disease.1 Soybean oil is the most widely used edible oil in the United States.2 Most oils sold as vegetable oil are soybean oil.
The\n new heart healthy claim, which food manufacturers are encouraged to add\n to the label of qualified soybean oil and soybean oil-containing \nproducts*, states: “Supportive but not conclusive scientific evidence \nsuggests that eating about 1½ tablespoons (20.5 grams) daily of soybean \noil, which contains unsaturated fat, may reduce the risk of coronary \nheart disease. To achieve this possible benefit, soybean oil is to \nreplace saturated fat and not increase the total number of calories you \neat in a day. One serving of this product contains [x] grams** of \nsoybean oil.”1
The\n claim is supported by a comprehensive review of scientific literature \nand recommendations from governmental and professional organizations.1
“We\n conclude strongly that lowering intake of saturated fat and replacing \nit with unsaturated fats, especially polyunsaturated fats, like those \nfound in soybean oil, will lower the incidence of cardiovascular \ndisease,” said Penny M. Kris-Etherton, co-author of “Dietary Fats and \nCardiovascular Disease, A Presidential Advisory from the American Heart \nAssociation” published in June 2017.3
Most\n soybean oil is made with U.S.-grown soybeans and has a favorable fatty \nacid composition, containing 0 grams of trans fat and just 2 grams of \nsaturated fat per 1 tablespoon serving.4 It is one of the few non-fish sources of omega-3 polyunsaturated fatty acids.5
Soybean\n oil’s U.S.-grown and heart healthy claims are key factors in driving \nproduct sales. According to a study conducted by the United Soybean \nBoard (USB), 63 percent of shoppers are more likely to purchase a \nproduct displaying a label stating it was made with U.S.-grown \ningredients, and 87 percent are more likely to purchase U.S.-grown \nsoybean oil after learning the health benefits.6,7 Shoppers are asking for sustainable products and trust U.S.-grown ingredients.
“I take pride in growing a sustainable crop that has the ability to \npositively impact human health, and look forward to the opportunity to \ncontinue to educate the public about the health benefits of soybean \noil,” said Nancy Kavazanjian, USB Farmer-Director.1
*Qualified products have a minimum of 5 grams of soybean oil per reference amount customarily consumed.1
**Gram amount varies by product.
About USB
USB’s\n 73 farmer-directors work on behalf of all U.S. soybean farmers to \nachieve maximum value for their soy checkoff investments. These \nvolunteers invest and leverage checkoff funds in programs and \npartnerships to drive soybean innovation beyond the bushel and increase \npreference for U.S. soy. That preference is based on U.S. soybean meal \nand oil quality and the sustainability of U.S. soybean farmers. As \nstipulated in the federal Soybean Promotion, Research and Consumer \nInformation Act, the USDA Agricultural Marketing Service has oversight \nresponsibilities for USB and the soy checkoff. For more information on \nUSB, visit www.unitedsoybean.org.
REFERENCES
2 U.S. DEPARTMENT OF AGRICULTURE, ECONOMIC RESEARCH SERVICE: 2016 ERS OILSEED YEARBOOK.
3 DIETARY FATS AND CARDIOVASCULAR DISEASE: A PRESIDENTIAL ADVISORY FROM THE AMERICAN HEART ASSOCIATION. FRANK M. SACKS, ALICE H. LICHTENSTEIN, JASON H.Y. WU, LAWRENCE J. APPEL, MARK A. CREAGER, PENNY M. KRIS-ETHERTON, MICHAEL MILLER, ERIC B. RIMM, LAWRENCE L. RUDEL, JENNIFER G. ROBINSON, NEIL J. STONE, LINDA V. VAN HORN AND ON BEHALF OF THE AMERICAN HEART ASSOCIATION. PUBLISHED ONLINE JUNE 15, 2017.
4 USDA NATIONAL NUTRIENT DATABASE FOR STANDARD REFERENCE.
5 BLASBALG TL, HIBBELN JR, RAMSDEN CE, MAJCHRZAK SF, RAWLINGS RR. “CHANGES IN CONSUMPTION OF OMEGA-3 AND OMEGA-6 FATTY ACIDS IN THE UNITED STATES DURING THE 20TH CENTURY.” AM J CLIN NUTR. 2011; 93:950-62.
6 2017 UNITED SOYBEAN BOARD FOOD INDUSTRY INSIGHTS ANNUAL SURVEY.
7 2015 POST-PROMOTION CONSUMER SURVEY CONDUCTED BY THE UNITED SOYBEAN BOARD.
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