September biodiesel production down 13 percent

U.S. biodiesel manufacturers produced just 142 million gallons in September, down 9 percent from August—the fourth consecutive month of YOY declines—and down 13 percent year over year. Cumulative 2019 production, at 1.32 billion gallons, was down 3 percent from a year ago.

Demand for soybean oil as a feedstock fell to 599 million pounds, down 13 percent YOY. Total 2018/19 soybean oil utilization was 7.9 billion pounds per EIA counting, so USDA may lower 2018/19 soybean oil demand by 10 million pounds in the December WASDE.

Monthly biodiesel stocks hit a record of 73 million gallons back in February (biodiesel stocks traditionally build during Jan-Mar) and have been on the decline since then. September stocks were 44 million gallons, still up 5 percent YOY.

Monthly utilization of major biodiesel feedstocks


Source: EIA
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.

Leave A Comment