06.06.2023
Higher SBO Market Sparks Boost in Offer Prices

Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high...
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…
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