2021/22 corn use for ethanol totaled 5.326 billion bu

USDA’s latest grain crushings report put August corn use for ethanol at 432.3 million bushels, down 3 percent from July and up 4 percent year over year. Cumulative use during the 2021/22 corn marketing year was just slightly below USDA’s estimate in the September [...]

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 [...]

June ethanol production up 2% YOY

Ethanol manufacturers produced 31.3 million barrels (1.31 billion gallons) of ethanol during June, almost the same as May’s volume. Cumulative production rose to 7.71 million gallons, up 7 percent year over year. Production was also ahead of the five-year average for the month (+3.4 [...]

India continues to lean into fuel ethanol

Next April, some Indian gas stations will begin retailing gasoline with a 20-percent ethanol blend, per the Business Standard. India is estimated to be the fifth-largest manufacturer of ethanol. The Modi administration has pursued bioethanol fuel use aggressively for several years to increase the [...]

U.S. ethanol use at five-week low, corn-based ethanol blend for 2022

For the week ending Jun 3, U.S. ethanol blending and refining use was 898,000 barrels per day (bpd), a five-week low and down about 1 percent YOY. Ethanol production for the week was 1.039 million bpd, down 3 percent week on week but up [...]

Ethanol & corn production unchanged in June WASDE

In its June WASDE report, USDA raised its previous estimate for 2022/23 world corn ending stocks by 5.32 MMT to 310.5 MMT, about 400,000 MT below the current season’s volume. World corn production was increased by 5.1 MMT to 1.186 billion MT, up 30.1 [...]

Corn futures traded sideways ahead of holiday

Futures activity Spot corn futures closed last week basically unchanged from their close Friday, May 20, at $7.77 per bushel. During the mid-week sell down, prices dipped to $7.65 per bushel before rallying it all back during trading on Friday. S&D and fundamental factors [...]

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