According to the EIA’s Weekly Petroleum Status Report, ethanol production increased 1.4% to 961,000 barrels per day (b/d), which is the 13th highest weekly production rate on record. The rise in production expanded the ethanol industry’s demand for corn to 14.31 million bushels per day, a 194,000 daily bushel a day increase from the prior weeks average.
Average ethanol…
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...