Year-end winter storms & warmer weather impact natural gas

An extremely active pattern across the northern Pacific Ocean brought record levels of snow to the western U.S. and mountain region in the final two weeks of December. Staffing issues brought on by rampant COVID spread and heavy snow across the western half of [...]

India sugar production up 6% YOY, 2021/22 ethanol blend rate of 10%

Through mid-December, ISMA reports all India cumulative sugar production near 7.79 MMT, up 6 percent YOY and up nearly 25 percent from the five-year average. About a quarter of India’s crop is typically harvested in the first three months of the crop year, mostly [...]

WASDE, EPA biofuel news drive soybean market

Futures activity Last week’s trading activity was a mixed bag for the soy complex. Jan-22 soybean futures ended the week at $12.6775 per bushel, nearly identical with the week ending Dec. 3. Soybean meal closed at $366.80 per short ton, up $14.20 per ST [...]

Thanksgiving arrives with first seasonal drawdown in natural gas

Daylight Savings, Thanksgiving, and the first snowflakes of the season are all harbingers of winter, and along with it, the first decline in nationwide natural gas stocks in the U.S. Energy Information Administration (EIA) natural gas storage report. An Arctic air mass descended from [...]

Ethanol blending at six-month low

In the week ending Nov. 5, ethanol blending and refining use was at 893,000 barrels per day (bpd), the lowest weekly volume since mid-May and about 1 percent below the five-year average. Lower use helped ethanol stocks rise to a two-month high of roughly [...]

Gas seasonal build draws to a close as winter weather arrives

The United Nations Climate Change Conference (COP26) drew to a close last week in Glasgow as winter weather arrived bringing first snow-making event of the season across parts of the midwestern U.S. During the conference, President Biden had urged OPEC+ members to increase oil [...]

Corn futures fall under liquidation pressure

Futures activity Positioning ahead of tomorrow’s WASDE report led to volatility in the corn market last week. Dec-21 futures settled at $5.53 per bushel last week, down $0.26 per bushel from Monday. Dec-22 futures closed at $5.405 per bushel. S&D and fundamental factors Ahead [...]

September ethanol input steady YOY

For the month of September, corn used for fuel alcohol totaled just over 407.51 million bushels, down about 2 percent from August but up just over 1 percent from September 2020. Corn consumed for beverage alcohol totaled some 3.41 million bushels, down 2 percent [...]

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