Ethanol production increased 61,000 barrels per day to a 724 million-barrel-per-day average during the week ending May 15, 2020, hitting an eight-week high, according to the EIA’s Weekly Petroleum Status Report. Production continued to improve for a fourth consecutive week, rising 9.2 percent but is still 32 percent below production levels at this time last year. DDGS output was up 5,802 metric tons daily for the week but is 31,671 MT below daily production from a year ago.
Gasoline supply climbed 6.8 percent and is 23 percent below 2019 supply for the same weekly period. Ethanol stocks reached a 19-week low of 23.20 million barrels. Ethanol imports were absent again during the week. The increase in ethanol production raised corn demand by 904 thousand bushels per day. DDGS output moved with ethanol production, rising 9.2 percent for the…
11.18.2024
EIA reduces US biomass-based diesel consumption forecast for 2024, 2025
The US Energy Information Administration’s (EIA) monthly Short-Term Energy Outlook (STEO) released on Wednesday November 13, reduced its 2024 and 2025 forecasts for the consumption biomass-based diesel (BBD). The...
11.18.2024
UCO prices rise to start week; December cattle slaughter expected to decline
Used cooking oil (UCO) prices edged higher in the US Gulf Coast on Monday November 18, amid an otherwise quiet start to the week...
11.18.2024
Missouri River, Texas Panhandle ruminant bloodmeal prices higher on active demand
US animal proteins were steady to higher on Monday November 18.
Bloodmeal demand was indicated as active by market sources, although some buyer hesitancy was reported. Ruminant bloodmeal...