Rising Corn & Falling Ethanol Values Take Bite Out of Margin

Rising Corn & Falling Ethanol Values Take Bite Out of Margin

PROGRAMMING NOTE: The Grain and Feed Bulletin will not publish on Thursday, Nov. 26. We’ll print a price update on Friday, Nov. 27 and be back to our normal schedule on Monday, Nov. 30. 

 

DDGS Output Reaches Post Pandemic High 

Ethanol production increased 28,000 barrels per day to a 990 million-barrel-per-day average during the week ending November 20, 2020.  Ethanol and DDGS volumes hit a fresh post-pandemic high for output with ethanol production 2.9 percent over last week, but 6.5 percent below levels seen at this time last year. DDGS output increased by 2,663 metric tons per day but was 6,562 MT below daily production from a year ago. 

Gasoline supply declined 1.6 percent and was 12 percent below 2019 levels for the same period. Ethanol stocks continued to rise, climbing 3.3 percent to 20.9 million barrels, a 12-week high. For a second…

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