According to the EIA’s Weekly Petroleum Status Report, ethanol production fell 12,000 barrels per day to a 927,000 b/d average. Gasoline demand slipped 1.4% and ethanol stocks narrowed by 417,000 barrels. Ethanol imports remained at zero for the 19th consecutive week. Lower ethanol production reduced corn demand by 178,000 bushels to 13.73 million bushels per day….
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...