Ethanol stocks, according to the U.S. Energy Information Administration (EIA), are at their highest level since March, and they are also up 8.8 percent versus the same time last year and 3.6 percent above the previous week’s total.. Despite the stock build, weekly ethanol production is down to its lowest point since April after dropping more than 7 percent in the past four weeks. For the year, however, production is 2.2 percent ahead of last year’s pace.
Supply-burdened low ethanol prices have not helped spur demand. Meanwhile, blending lags last year’s pace by 1.4 percent. That is due in part to lower gasoline demand, which is down overall by 1.5 percent but returning to more normal patterns after the interruptions fro...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
