Ethanol production fell to 901,000 bpd last week

Production dipped to its lowest weekly rate since Feb. 26, 2021, when the average was 849,000 barrels per day. It was also the lowest weekly production in September since 2020, when the industry was still trying to pull out of the COVID freefall. Other [...]

Jan-Jun soybean oil use for biofuel up 19% YOY

Biomass-based diesel manufacturers used 4.95 billion pounds of soybean oil during the first six months of 2022, a sizeable increase over H1 2021 and up 34 percent from Jan-Jun 2019, when the industry saw significant expansion in renewable diesel production. Production of renewable diesel [...]

July nonfat dry milk stocks highest in 13 years

The latest dairy products report showed a continued build in many dairy product categories. Cheese was the obvious winner, with total output in July up 1.1 percent from July 2021 and showing a nominal gain of 0.5 percent month over month. Both American- and [...]

Corn prices eclipse $7 per bushel

Futures activity A bullish WASDE report last Monday pushed spot corn futures above $7 per bushel for the first time in two months, hitting $7.12 per bushel on that day’s close. S&D and fundamental factors Monday’s WASDE report was in line with expectations in [...]

U.S. 2022/23 sugar beet quality concerns

In its latest reporting, USDA showed a slight decline in the overall quality of the 2022/23 sugar beet crop. For the top four growing states, beets in good to excellent condition fell from 75.0 percent to 72.3 percent of the crop. Beets in the [...]

Mexico sugar pricing ticks higher in September

In the week of Sep. 12, reference sugar prices ticked slightly higher, up half a percent for estandar and up 0.8 percent for refined from the prior week. Source: SNIIM, McKeany-Flavell Average estandar pricing dipped 0.1 percent in August, while refined pricing rose by [...]

Sharp drop in palm oil imports during July

The U.S. imported just 51,647 MT of refined palm oil in July, down 56 percent from June and the lowest monthly volume since October 2010. The sharp slowdown in imports may be a response to the recovery in U.S. refined palm oil stocks as [...]

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