Ethanol production was estimated higher last week at 663,00 bbl/day. Distillers corn oil production is estimated higher as well, up to 6.3 million pounds per day. Production is at its highest level since the week ending April 3rd. DCO production is up 7.5 percent from week ago levels, but down 38 percent compared to last year. The increased production and lower priced soybean oil in April and early May have weighed on prices.
While ethanol and co product production is higher, gasoline demand fell last week. The EIA estimated 285.2 million…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...