05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
Ethanol & DDGS – DDGS Supply Bounces Back From Cold-Snap Lows
Ethanol production reclaimed 75 percent of last week’s weather-related decline. DDGS and ethanol output increased 191,000 barrels per day to an 849 thousand-barrel-per-day average during the week ending February 26, 2021. DDGS and Ethanol volumes improved as the Midwest and South Central thawed. Weekly ethanol output was 29 percent above the week prior but 21 percent below levels seen at this time last year. DDGS output increased 18,166 MT per day from last week but was 21,875 MT’s per day below production from a year ago.
Gasoline supply increased 13 percent but was 11 percent below 2020 levels for the same period. Ethanol stocks slipped 1.6 percent to 22.4 million barrels, reaching a 12-week low. Imports of sugarcane ethanol were…