Market Activity

BFT traded steady in the Chicago rail market late yesterday. 

EIA ethanol production was estimated at 996,000 bbl/day for production last week, down 3.21% from the week prior. Production through the first seven weeks of the year are down an average of 30,000 bbl/day compared to 2018. The lower ethanol production has translated into lower corn oil production with our estimates showing 8.825 mil pounds of DCO produced per day, last week. The lower…