DCO Production Tightens Amidst Strong Demand

DCO Production Tightens Amidst Strong Demand

Trading was mostly quiet today with many in the market seemingly well covered ahead of the holiday break. Buyers and sellers were happy to trade steady prices across most markets. BFT prices were lower into the Gulf today on trading from late yesterday. UCO prices moved higher into the Gulf and indicated as “firm” in most other markets today.

Seasonal downtime continues in the ethanol industry as evidenced by today’s EIA Weekly Petroleum Status Report. The EIA estimated ethanol production for last week at 983,000 bbl/day, down 4,000 barrels per day from the prior week and down 41,000 bbl/day from the Q1 average.

The Jacobsen estimates distiller’s corn oil (DCO) production at 9.3 million pounds per day, down 3.0…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

09.29.2023

Vegetable Oils & Animal Fat Prices Post Week on Week Drop

Vegetable Oils & Animal Fat Prices Post Week on Week Drop

The market was fairly quiet today with traded volume slowing, but trading still done at lower levels. Gulf BFT traded down to 66 cts/lb delivered late yesterday. Ample nearby...

09.29.2023

Hemp Extracts Continue to Vex State Governments

Hemp Extracts Continue to Vex State Governments

We reported two weeks ago that Missouri regulators recalled 62,000 products after discovering Robertsville-based Delta Extraction substituted hemp-derived isomers of CBD, like...

09.29.2023

Soybean Meal Market Dives, Protein Prices Steady to Close Week

Soybean Meal Market Dives, Protein Prices Steady to Close Week

Trading was quiet today with no changes reported despite a big drop in the soybean meal market.
The animal proteins market has been mostly sideways this week with most...

Latest Tweets