Falling Ethanol Stocks May be Supportive For Increased DDGS Output
Weekly ethanol production held steady while ethanol stocks narrowed in the latest EIA report. DDGS output remained constant with ethanol output holding at a 941 thousand-barrel-per-day average during the week ending April 16, 2021. Analysts had been expecting production to climb by 20,000 barrels per day for the week. Weekly ethanol output was 67 percent over levels seen at this time last year. DDGS output was unchanged from last week but 35,951 MT’s per day over production from a year ago.
Gasoline supply increased 1.8 percent and was 71 percent over 2020 levels for the same period. Ethanol stocks declined fractionally to 20.45 million barrels and were 26 percent lower than a year ago. Analysts had been expecting stocks to decline to a level anywhere…
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...