Sep-23 futures traded narrowly during the week of Sep. 4. The contract began the short week with a modest 6.2-cent gain on Tuesday, Sep. 5, to build on the turnaround that appeared on Friday, Sep. 1. On Sep. 6, nearby futures managed to close [...]
EIA reported that biodiesel and renewable diesel producers used 1.14 billion pounds of soybean oil in May, the first time that monthly biofuel consumption of soybean oil has surpassed 1 billion pounds. Renewable diesel accounted for 478 million pounds, or 42 percent, of soybean [...]
Average daily ethanol production was 1.094 million barrels during the week ending Jul. 21, marking five consecutive weeks of year-over-year growth and putting production at the highest weekly level since late October 2021. Cumulative 2022/23 corn use for ethanol was around 4.68 billion bushels, [...]
Summer temperatures arrived early in June across Texas, from the interior to the Gulf Coast, seeing the mercury reaches nearly 120°F. Despite the early arrival of max summer-like conditions across portions of the southern interior, temperatures have been milder from the Great Lakes moving [...]
As we have frequently discussed, India’s Modi government has continued to support cane ethanol manufacturing and fuel use as a tool to increase energy independence, protect currency reserves, and even putatively contribute to environmental targets. As a result of an ethanol blending mandate and [...]
U.S. capacity for renewable diesel production rose to 2.134 billion gallons during Aug-Oct 2022, up 45 percent from capacity at the beginning of the year. This has affected the demand for soybean oil, the primary feedstock for renewable diesel. In the 2022/23 marketing period, [...]
Months earlier, fuel prices skyrocketed due to a somewhat artificial scarcity in supply caused by the Russia-Ukraine war. In response to that, EPA provided relief by allowing the ethanol component in gasoline to be more than the usual 10 percent, and we saw E15 [...]
As the conversation of sustainability goes global, the use of renewable and sustainable materials for household necessities and daily operations has graduated from being a nice-to-have to a need-to-have. Energy sectors across the world especially reflect this, with many countries looking at sustainable fuel [...]
