Ethanol production declined 34,000 barrels per day to a 957 million-barrel-per-day average during the week ending December 11, 2020. DDGS and Ethanol volumes pulled back from their highest levels since the pandemic was announced as current ethanol output seems to be higher than needed. Weekly output fell 3.4 percent and was 10 percent below levels seen at this time last year. DDGS output declined by 3,234 metric tons per day and was 11,403 MT per day below production from a year ago.
Gasoline supply increased for the first time in five weeks, rising five percent but was 10 percent below 2019 levels for the same period. Ethanol stocks continued to build, climbing four percent to 23 million barrels, a 29-week high. Sugarcane ethanol imports continued to arrive on the West Coast, adding an additional 4.4 million gallons to…
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...