Ethanol production increased 20,000 barrels per day to a 961 million-barrel-per-day average during the week ending October 30, 2020. Ethanol and DDGS volumes reached a post-pandemic high in output, recording levels not seen since the week the pandemic was announced. Ethanol production was 2.1 percent over last week’s report but 5.2 percent below levels at this time last year. DDGS output increased by 1,902 metric tons per day but was 5,041 MT below daily production a year ago.
Gasoline supply declined 2.5 percent and was 8.9 percent below 2019 levels for the same period. Ethanol stocks increased to 19.7 million barrels, lifting from their lowest level since December 30, 2016. There were 8.5 million gallons of sugarcane ethanol imported to the West Coast during the week ending October 30. Increased ethanol output raised corn demand 296…
11.15.2024
October soybean crush reaches all-time monthly high; biofuel demand limits rise in soybean oil stocks
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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...
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