Ethanol Production Drops Under 1 Million bpd for Fifth Week

Ethanol Production Drops Under 1 Million bpd for Fifth Week

**No Bulletin/Price Guide Published on Monday, May 29 in observance of the Memorial Day holiday.**

Market Update

Wheat midds, on Minn and Kansas City, were higher today on indications of very short offering levels. Out front pricing is expected to push downward on accounts on increased inventories. Trading out front has been called “limited” due to market uncertainty and the upcoming holiday weekend. 

Weekly Ethanol Update

Weekly ethanol production dropped from last week, though values have remained under one million per day mark for the fifth week in a row. A decrease of 4,000 bpd from the prior week bumped totals down to 983 thousand barrel-per-day average for week ending May 19th. Ethanol output was 0.4 percent below last week and 3.0 percent under year ago levels for the respective week. DDGS fell 381 MT from the week prior to 93,491 MT. This is below last year levels by 2,948 MT for the respective…

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

06.24.2024

Stable biodiesel production leaves supply, prices unchanged in crude glycerin market

Stable biodiesel production leaves supply, prices unchanged in crude glycerin market

Glycerin prices held steady on Monday June 24, with producers and traders reporting little change to begin the week.

Crude glycerin traders were quoting the market in the...

06.24.2024

Cattle slaughter continues to lag 2022, 2023 levels

Cattle slaughter continues to lag 2022, 2023 levels

Six cars of technical tallow traded at 54 cents per lb Chicago on Monday June 24, and separately two cars of edible tallow traded up to 56 cents per...

06.24.2024

Hog slaughter slightly higher into July; May cattle placed on feed higher

Hog slaughter slightly higher into July; May cattle placed on feed higher

The US domestic protein market was quiet on Monday June 24, with no price changes reported.

US hog slaughter
Fastmarkets’ research team forecasts hog slaughter at 2.38 million...

Latest Tweets