USDA released the September Grain Crushings report today; total corn use for fuel alcohol was down 2 percent from August, but up 1 percent from September 2020, starting the marketing year off in the right direction. Moreover, ethanol production for the week ending 22 October hit 1.106 million barrels per day, its highest level since the record weekly output of the last week in November 2017. That follows a strong two prior two weeks of production over 1 million barrels per day, the first sustained 1 million barrels per day production level since the last week of July.
Ethanol production in October, based on data from the first three weeks, could be an estimated 15 percent higher month over month.
If normal patterns of monthly p...
Veterans Day offers a moment to pause and recognize the people behind the uniform. To all who have served and the families who have supported them, thank you for your dedication, courage and sacrifice. Markets had plenty of headlines to digest today, and grains offered some encouraging follow-t...
Key Takeaways: The recent pullback in crude oil and other energy markets has left many in the ag and biofuels communities wondering what it means for ethanol and biodiesel prices and profit margins. WPI’s research indicates a weak but still significant link between ethanol and crud...
Key Takeaways: Alabama and Louisiana have requested partial waivers of 2027 Renewable Fuel Standard (RFS) requirements, arguing that rising compliance costs are contributing to higher fuel prices and economic hardship. Louisiana Governor Jeff Landry is encouraging neighboring states to join th...
