Ethanol production, use, and ending stocks all dip slightly last week

Ethanol production dipped slightly to 1.08 million barrels per day during the week ending June 14, down about 1 percent from the week before and up just over 1 percent YOY. Weekly use by blenders and refiners also fell slightly from the previous week [...]

Four-week average daily ethanol production down 4 percent YOY

Average ethanol production last week was 1.03 million barrels per day, up 3 percent from the previous week but another week of year-over-year decline. Most-recent four-week average daily production was just over 1.0 million bpd. Earlier this month, USDA trimmed projected 2018/19 corn use [...]

Has weekly ethanol production hit a winter low point?

Since October, weekly ethanol production has followed last year’s pattern, although on average at about 1 to 2 percent lower daily production rates. The similar year-over-year volume makes sense given that U.S. gasoline consumption in 2018 was nearly unchanged from the year before, and [...]

Signs of faltering ethanol demand?

After more than a year of record ethanol output, production may finally be starting to slow. In its December WASDE report, USDA reduced total corn demand for ethanol manufacturing by 50 million bushels to 5.6 billion bushels for 2018/19.  Ethanol margins have been squeezed by low crude oil prices paired with an increase in corn futures prices. Ethanol futures, conversely, reached the lowest [...]

Update on Brazil’s center-south cane campaign

As anyone following world sugar this season is now amply aware, Brazil’s cane mills are heavily favoring the manufacture of ethanol over sugar this season. In the first half of November, the ethanol share of cane crush was 66 percent, up from nearly 58 [...]

Rise in daily ethanol production despite low profit margins

Daily ethanol production averaged 1.06 million barrels during the first half of November, up from 1.02 million barrels per day during the first half of October and nearly the same as a year ago. Ethanol manufacturers seem to be maintaining production volumes despite eroding [...]