768 million pounds of soybean oil went to biodiesel in December

In December, U.S. biodiesel producers surpassed August’s previous record soybean oil utilization by more than 60 million pounds and delivered a year-over-year increase of 29 percent. Biodiesel production totaled 168 million gallons, up 13.5 percent YOY and slightly higher than the average YOY increase [...]

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 [...]

Will USDA lower corn use for ethanol?

USDA will publish its corn S&D update on Friday—the first official look at crop production and use since Dec. 11. Exports and utilization for ethanol may be due for adjustment. During the government shutdown, USDA continued to report on grains inspected for export. For [...]