 About 1.6 million barrels per day of petroleum jet fuel was consumed in the U.S. during 2023, and the EIA predicts jet fuel demand by 2050 to exceed 2 million barrels per day. The U.S. soybean supply for marketing year 24-25 is forecast at 4.8 billion bushels. That's 8% higher than the previous marketing year, but down 20 million bushels from last month's forecast.