04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Ethanol & DDGS Production – Ethanol production turns higher, stocks continue to decline
According to the EIA’s Weekly Petroleum Status Report, ethanol production bounced 1.4% higher to 944,000 barrels per day (b/d) and stocks dropped 1.65% to 21.173 million barrels. The higher production increased the ethanol industry’s demand for corn, pushing it to 14.06 million bushels per day from 13.87 m/b, a 194,000 bushel a day increase from the prior week…