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 [...]
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 [...]
Last week, ethanol use by blenders and refiners notched its first YOY gain since late May and was the highest daily average since early August 2021. On the other hand, ethanol production fell to a 15-week low as stocks remain weighty at over 23 [...]
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 [...]
