Biodiesel production consuming near-record soybean oil volumes

Biodiesel production in July increased 7 percent from June and, at 162 million gallons, was up 2 percent from a year ago, as diesel fuel demand from the shipping sector supported biodiesel demand. Sales of B100 for blending totaled 98 million gallons, the highest [...]

Corn eases on harvest pressure, COVID-19 concerns

The corn rally may have peaked on Sep. 18 after going six consecutive weeks of higher week-over-week closes. Fears over coronavirus resurgence in Europe, surpassing 200,000 deaths here in the U.S., and increased cases in the Midwest caused a sharp drop in the equities [...]

Brazil center-south sugar output up, ethanol output down year to date

From April through mid-July, Brazil’s center-south cane crush reached 276.0 MMT, up 6.5 percent YOY. Cumulative center-south sugar production is up 50 percent YOY at 16.32 MMT. Center-south ethanol production is down 5.9 percent YOY at 12.13 billion liters. From October through mid-July, center-south [...]

Record soybean oil use for biodiesel in May

The biodiesel industry produced 147 million gallons in May, up 2 percent from April but down 5 percent from May 2019. However, soybean oil utilization jumped to 778 million pounds, up 16 percent from April and beating the previous monthly volume of 768 million [...]

Corn supported by Chinese purchasing & high temperatures

China has been active in purchasing corn from the U.S. On Friday, July 10, purchases were 1.3665 million metric tons (MMT), the second highest on record. Then last Tuesday, purchases of 1.762 MMT set a new record, eclipsing the previous record of 1.45 MMT back [...]

Brazilian center-south sugar production up 49% YOY

Brazil’s center-south crush from April through June reached 229 MMT of cane, up about 5 percent YOY and up about 9 percent from the five-year average. For the season to date, the sugar share of cane use is 46.4 percent, up almost 12 points [...]

Ethanol use continues upward climb

For the week ending May 22, ethanol production continued its upward trend to 724,000 barrels per day (bpd), a four-week high but down roughly 32 percent from this time last year. Weekly production rose each week in May. Ethanol use by blenders and refiners averaged [...]

Brazilian sugar production, exports recovering in new season

From April through mid-May, Brazil’s center south campaign saw reported crush of 103.0 MMT of cane, up an impressive 22 percent YOY and up nearly 16 percent from the five-year average. Sugar production reached 5.49 MMT, up 84 percent YOY and up 44 percent [...]

Load More Posts