According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 3.1% to 948,000 barrels per day (b/d), easing production out of the record setting pace it had been in for the past month. The decrease in production lowered the ethanol industry’s demand for corn to 14.12 million bushels per day, a decrease of 447,000 daily bushels from the prior weeks average.
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05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...