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 [...]
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 [...]
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 [...]
In the week ending Mar. 18, U.S. ethanol blending and refining use was 865,000 barrels per day (bpd), a five-week low but up 3 percent YOY. In past seasons, ethanol use usually starts rising at this time of the year. Ethanol production was just [...]
In the week ending Feb. 18, U.S. ethanol ending stocks were 25.5 million barrels, a three-week high and up about 12 percent YOY. U.S. blending and refining use was 871,000 barrels per day (bpd), an eight-week high and up 20 percent YOY. Ethanol use [...]
For the April-March season through mid-February, production of corn ethanol in Brazil’s center-south reached 3.0 billion liters. This total suggests that an earlier UNICA forecast for 2021/22 corn ethanol production of 3.5 billion liters lies within reach. Total 2021 ethanol production reached 26.6 billion [...]
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 [...]
From April through January, Brazil’s center-south sugarcane crush totaled 597.6 MMT, up 3 percent YOY. Thanks to a sugar share of 46 percent, up from 34 percent a year ago, sugar production reached 38.20 MMT, up 44 percent YOY. With the ethanol share lower, [...]
