According to the EIA Weekly Petroleum Status Report, ethanol production declined 7,000 barrels per day to a 563 million-barrel-per-day average during the week ending April 17, 2020. Production reached a new all-time low but appears to be bottoming. Ethanol output is down 485,000 barrels per day, or 46 percent, from last year at this time. DDGS output fell 1.2 percent for the week and is 46 percent below levels at this time last year.
Gasoline supply increased 4.5 percent to 5.3 million barrels per day but is 44 percent below 2019 demand for the same…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
The National Oilseed Processors Association (NOPA) reported the October soybean crush at a record monthly high of 199.9592 million bushels, eclipsing the previous record of 196.406 million bushels set...
11.15.2024
UCO 2025 market clouded by China’s cancellation of export rebate
China will cancel its current 13% export tax rebate for used cooking oil (UCO), a key biofuel feedstock, effective December 1, the country’s Ministry of Finance and the State...
11.15.2024
US animal protein prices steady to firmer week on week; SBM under pressure
The US animal proteins market was steady to higher in the week to Friday November 15. Even with decreases in Chicago Board of Trade (CBOT) soybean meal futures, prices...