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, [...]
Weekly ethanol production and use for blending were down 1 to 2 percent during the first half of March, while stocks rose to 26.4 million barrels as of Mar. 10—a record level for the week and close to the highest level for March, which [...]
Global economic and environmental factors have created a positive environment for U.S. corn exports while corn futures ended the week on stable footing. May-23 corn ended the week up $0.10, meanwhile, Dec-23 futures ended the week right where they started. For the week ending [...]
The corn market is holding steady despite hits to its three major demand categories, weather variability, and political uncertainty. Mar-23 corn closed a bit higher this week, although, analysts expect global corn ending stocks to fall by about 2 MMT in this week’s WASDE [...]
Futures activity Mar-23 futures saw pressure early last week that took the contract to $6.66 per bushel, but prices appreciated by close of Thursday back above $6.80 per bushel. S&D and fundamental factors Ethanol production was relatively flat the week ending Jan. 20, at [...]
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 [...]
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 [...]
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 [...]
