A Dow Jones survey of ethanol analysts expects ethanol production to hold steady and stocks to fall. Expectations are that tomorrows report will show production to be within the range of 938 to 950 thousand barrels per day, with an average estimate of 944, slightly over last week’s 941. Analysts are also expecting a decline in ethanol stocks to fall anywhere between 19.85 million barrels to 20.45. The average of the estimated range would be 20.17 million barrels. Should stocks decline to the average, it would be the fifth consecutive week of declining stocks the the lowest level in 24 weeks.
Corn and peanut planting are below the historical average, while soybeans, cotton, and spring wheat are ahead of schedule. USDA March planting…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...