Ethanol production was estimated higher last week at 663,00 bbl/day. Distillers corn oil production is estimated higher as well, up to 6.3 million pounds per day. Production is at its highest level since the week ending April 3rd. DCO production is up 7.5 percent from week ago levels, but down 38 percent compared to last year. The increased production and lower priced soybean oil in April and early May have weighed on prices.
While ethanol and co product production is higher, gasoline demand fell last week. The EIA estimated 285.2 million…
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...