Ethanol Stocks Build, Production Slows
Ethanol production faded during the anniversary week of the pandemics onset. DDGS output declined as ethanol production slowed 49,000 barrels per day to a 922 thousand-barrel-per-day average during the week ending March 19, 2021. Weekly ethanol output was five percent below the prior week and eight percent under levels seen at this time last year. DDGS output fell 4,660 MT per day and was 7,894 MT’s per day below production from a year ago.
Gasoline supply increased two percent but was 2.5 percent below 2020 levels for the same period. Ethanol stocks increased 2.2 percent to 21.8 million barrels, rising for the first time in five weeks. Imports of sugarcane ethanol were absent on the West Coast for the fourteenth consecutive week. Reduced ethanol output lowered corn demand 726…
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...