04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
**Please Note** The Jacobsen will not publish the Grain & Feed Bulletin on Thursday in observance of the Thanksgiving holiday. A price update will be published on Friday without commentary. Regular programming will resume on Monday.**
Strong margins Support Ethanol and DDGS Production
Weekly ethanol production has increased in seven of the eight past weeks. For the week ending November 19, output climbed 19 thousand barrels per day to a 1.079 million-barrel-per-day average. Ethanol output was two percent above last week and nine percent over year ago levels. The production increase exceeded the average analyst estimate of 1.068 million barrels and was beyond the top end of their expected range. The Jacobsen reported production would be above the average analysts’ estimate due to DDGS pricing and continued…