Distillers corn oil prices moved higher today, driven by strong feed and biodiesel demand and tighter supplies. Seasonal maintenance times were evidenced in today’s EIA Ethanol Production report. The estimate for the week was 881,000 barrels per day, down 2.8 percent from the prior week. Distillers corn oil production is estimated at just under 8.4 million pounds per day by The Jacobsen, down 11 percent from the prior three-year average. At these current levels, prices should start to top out and trade sideways in the near term.
Figure 1.
Table 1.
The EIA released biodiesel production and input estimates for July today. B100 production in July was estimated at 2.509 billion gallons, down from the 2.514 in June and 2.561 billion gallons in…
11.13.2024
Neste, Air Canada sign SAF agreement for Vancouver
Finnish transport fuel producer Neste and Air Canada have signed an agreement for the delivery of approximately 20 million gallons of sustainable aviation fuel (SAF) for use by the...
11.13.2024
CWG prices up slightly; DCO movements mixed
The US animal fats and oils markets remained mostly stable to slightly higher on Wednesday November 13, with a modest increase in trading, though many participants continued to exercise...
11.13.2024
2024/25 grain consuming animal unit headcounts increase by 0.39%
Meat and bonemeal, porcine and ruminant, Missouri River were lower on Wednesday November 13. Market sources told Fastmarkets that there are varied poultry and layer feed demand levels, with...