date:Feb 14, 2013
0 million lbs in 2011-12 and forecast at 4,900 million lbs in 2012-13 and at 5,000 million lbs in 2013-14. Soybean oil use in the production of biodiesel was forecast to rise steadily each year in the rest of the projection period reaching 6,300 million lbs in 2022-23.
Soybean oil used to produce methyl esters (biodiesel) in the United States grows to 6.3 billion lbs by the end of the projection period, representing about 29% of total use of U.S. soybean oil and supporting the production of mor