About 10% of usa corn is converted from the starch content to ethanol and goes into our fuel tanks.
Biodiesel from soybeans is such a tiny market it’s hard to even find numbers on it, they talk about lbs of product not bushels because it’s so small a market. Minnesota is about the only state that is pushing biodiesel some I think? It’s still a small market, to sop up the extra oil crated when making soybean meal for feed.
Since soybeans are always milled down into components very little is used by anyone as whole beans. the oil content of a soybean is about 19%. If we converted every single soybean in the USA into biodiesel, we couldn’t use more than 19% of our soybean crop for fuel. It’s physically impossible.
As always, a fella named oiltanker is using the Big Oil misinformation to prop up oil company profits. Surprising eh.
Until then, he had some interesting thoughts on the tariffs, worthy of thought anyhow. He mentioned boycotts tho, that was from Nixon and Carter. Those were bad deals, set up very different then a boycott. I guess we have to go awhile to see if the net result comes out different. The boycotts were set in place fast for a single goal, to humble the other country by slamming the door on food/feed sales. These tariffs were set in place with a little more time, and as an incentive to come to a table and talk things over, they did t end any sales but made them cost more. I hope that is a difference that matters.
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