04.26.2024
P66 Rodeo to begin producing SAF in Q3
Phillips 66 brought its long-awaited Rodeo Renewable Energy Complex online during the first quarter of 2024, but it is not producing sustainable aviation fuel (SAF) yet, the company said...
A Dow Jones survey of ethanol analysts expects ethanol production to climb and ethanol stocks to fall. Expectations are that tomorrows report will show up to a 20,000 barrel a day increase in production. If achieved, production would be at a two-week high of 961 thousand barrels a day. Analysts are also forecasting a decline in ethanol stocks to anywhere between 20.15 million barrels to 20.47. Should stocks decline, this will be the fourth consecutive week that stocks moved lower.
Corn growing states have 17 of 18 states reporting progress, cotton states are up to 9 of 15 reporting, and soybeans and peanuts released their first progress report. Two percent of the corn crop has emerged. USDA March planting intentions for corn are 91.1 million acres. The…