Falling Ethanol Stocks May be Supportive For Increased DDGS Output
Weekly ethanol production held steady while ethanol stocks narrowed in the latest EIA report. DDGS output remained constant with ethanol output holding at a 941 thousand-barrel-per-day average during the week ending April 16, 2021. Analysts had been expecting production to climb by 20,000 barrels per day for the week. Weekly ethanol output was 67 percent over levels seen at this time last year. DDGS output was unchanged from last week but 35,951 MT’s per day over production from a year ago.
Gasoline supply increased 1.8 percent and was 71 percent over 2020 levels for the same period. Ethanol stocks declined fractionally to 20.45 million barrels and were 26 percent lower than a year ago. Analysts had been expecting stocks to decline to a level anywhere…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...