Ethanol production increased 50,000 barrels per day to a 958 million-barrel-per-day average during the week ending July 24, 2020. Ethanol and DDGS rebounded after last week’s decline, reaching an 18-week high. Production increased 5.5 percent over last week’s output but was seven percent below levels at this time last year. DDGS output increased 4,755 metric tons per day from last week but is 6,943 MT below production from a year ago.
Gasoline supply climbed three percent from the prior week but is eight percent below 2019 levels for the same weekly period. Ethanol stocks increased 2.4 percent, pushing back above the 20-million-barrel level. Ethanol imports resumed for the first time in three weeks with 7.9 million gallons arriving on the West Coast. The increase in ethanol output raised corn demand by 741 thousand bushels per day. DDGS output moved with ethanol production, rising…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...