**Please Note – Bob Lane was out of the office today and will return on January 31.**
EIA: Ethanol Production Declines, while Inventories Rise
U.S. ethanol production dropped during the week ending January 21, as inventories rose, data released by the EIA showed. Output was down 18,000 barrels per day, or 1.7 percent to a total of 1.035 million b/d. Ethanol production in the key Midwest region fell by 15,000 b/d, or 1.5 percent, to 979,000 b/d. During the week, Gulf ethanol output was down 7,000 b/d, or 1/4 percent to 21,000 b/d.
For a fourth straight week, domestic ethanol stocks rose. Invetories increased 884,000 barrels, or 3.7 percent during the week ending January 21 to a total of 23.592 million barrels, or their highest level since May 2020. Midwestern ethanol stocks were up about two percent from the week before to a total of 10.107 million barrels. Inventories on the East Coast were…
01.27.2025
Animal fats start week quiet despite strong US, European demand
Bleachable fancy tallow (BFT) was quiet in the Chicago market on Monday January 27, following gains late in the previous week, though offers for Gulf deliveries continued to emerge...
01.27.2025
Animal protein trade volume down with IPPE attendance; lower cattle on feed numbers due to fewer heifers
Sources continued to report limited trade for US animal proteins on Monday January 27; several market participants were reported to be traveling to attend the International Production and Processing...
01.27.2025
Central Illinois soybean crush margin climbs 14% amid rising soymeal prices
In the week to Friday January 24, the soybean crush margin in Central Illinois increased by 14% week on week and by 5% year on year, according to the...